24.01.08

24.1.2008: Meldung: Evergreen Solar: Commonwealth Solar Program

Evergreen Solar, Inc., a manufacturer of solar power products, and NSTAR an electric and gas delivery company based in Boston, pledged their support of Governor Patrick’s Commonwealth Solar program taking effect Wednesday by continuing to leverage their alliance announced last year to help accelerate the adoption of solar power throughout Eastern Massachusetts.

In April of last year, Governor Patrick, NSTAR and Evergreen Solar came together with a vision of creating a robust solar market across the Commonwealth.

* Governor Patrick committed to a long term goal of 250MW of installed solar power by the end of 2017
* Evergreen announced plans for a major factory expansion in Massachusetts
* NSTAR committed to providing its customer base with a program to develop and foster solar power locally

Now, less than one year later, that vision is becoming a reality. The Governor’s Commonwealth Solar program commits $68 million to help defray costs for 27MW of commercial and residential solar installations over the next four years. The Commonwealth Solar program is the first step in fulfilling the Governor’s pledge of installing 250MW of solar power by 2017.

Construction of Evergreen Solar’s 80 MW factory in Devens, which will employ 375 people, is on schedule to open mid this year and should produce its first panels in the summer. NSTAR, acting as their customers’ “Energy Advisor,” is guiding customers on PV, referring interested parties to PV installers and working with customers and PV installers to ensure safe interconnections with the grid.

“With Governor Patrick’s Commonwealth Solar program taking effect Wednesday, the way is cleared for NSTAR and Evergreen Solar to build on the working relationship we announced in 2007.” said Richard M. Feldt, Chairman, President and CEO of Evergreen Solar. "Our relationship with a utility like NSTAR with their expertise, capabilities and customer relationships to promote cost-effective solar options for consumers can dramatically accelerate solar market delivery throughout the Commonwealth.”

“This partnership is an important part of our ongoing mission to help make solar and other renewable technologies part of the mainstream,” said Tom May, NSTAR Chairman, President and CEO. “With the rebates offered by the Governor’s program, and the technology provided by Evergreen Solar, we can help get more PV panels on the homes and businesses of our customers.”

About Evergreen Solar, Inc.

Evergreen Solar, Inc. develops, manufactures and markets solar power products using proprietary, low-cost manufacturing technologies. The Company’s patented crystalline silicon technology, known as String Ribbon, uses significantly less silicon than conventional approaches. Evergreen’s products provide reliable and environmentally clean electric power for residential and commercial applications globally. For more information about the Company, please visit www.evergreensolar.com. Evergreen Solar® is a registered trademark of Evergreen Solar, Inc.

About NSTAR

NSTAR is the largest Massachusetts-based, investor-owned electric and gas utility. The company transmits and delivers electricity and natural gas to 1.4 million customers in Eastern and Central Massachusetts, including more than one million electric customers in 81 communities and 300,000 gas customers in 51 communities. For more information, visit www.nstar.com.

Safe Harbor Statement

This press release contains forward-looking statements within the meaning of federal securities laws. Evergreen Solar cautions you that any statements contained in this press release that are not strictly historical statements constitute forward-looking statements.


Contact:
Evergreen Solar, Inc.
Michael El-Hillow, 508-357-2221 x7708
Chief Financial Officer
investors@evergreensolar.com
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