Marlboro, MA, Oct. 17, 2006 — Evergreen Solar Inc., a manufacturer of solar power products, announced that it has entered into a four-year supply contract with Mainstream Energy LLC, which has systems integration and distribution subsidiaries involved in the sales, distribution and installation of residential and commercial solar electric systems nationwide.
Under the terms of the agreement, Evergreen Solar will ship approximately $100 million of photovoltaic modules to Mainstream Energy over the next four years.
Evergreen Solar’s senior VP of marketing and sales, Terry Bailey, said the sale will help Evergreen Solar “further penetrate the U.S. marketplace.”
The Mainstream sales agreement is Evergreen Solar’s sixth major contract in the past 12 months. The value of the six contracts totals more than $700 million over the next five years. The photovoltaic modules will be manufactured at Evergreen Solar’s plant in Massachusetts and at EverQ’s German factory, which is being expanded.
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