“While polysilicon continues in short supply, this second major supply agreement with DC Chemical reinforces the importance of our relationship with this key supplier and significant Evergreen stockholder,” said Richard M. Feldt, Chairman, President and Chief Executive Officer of Evergreen Solar. “Construction of our 80 MW Devens, Massachusetts facility remains on schedule. We expect first panel shipments in mid-2008 and to reach full capacity by early 2009. The additional polysilicon from DC Chemical in 2009 under this second supply agreement enables us to begin the further expansion of our Devens site this spring and have additional capacity in place by early 2009. By early 2010, the Devens site should have annual capacity of approximately 160 MW.
“We now have sufficient silicon under contract to reach annual production levels of approximately 125 MW in 2009, 300 MW in 2010, 600 MW in 2011 and 850 MW in 2012 and we plan to expand our manufacturing operations at an accelerated pace,” continued Mr. Feldt. “At less than 5 grams per watt today, we believe we are the clear industry leader in efficient polysilicon usage. Our new Quad ribbon technology and continuing efforts to enhance that technology are expected to further reduce our polysilicon consumption to approximately 2.5 grams per watt over the next few years.”
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