Evergreen Solar Announces $125 Million Distribution Agreement With Donauer Solartechnik
Evergreen Solar Inc (ESLR) announced that it has entered into a multi-year supply contract with Donauer Solartechnik, a German-based solar power distributor. The agreement calls for Evergreen Solar to ship approximately $125 million of photovoltaic modules to Donauer over the next four years, based on current exchange rates. [ more ]
The German solar market is currently the largest market in the world and these types of partnerships are critical to getting a foothold into that marketplace. The shares of ESLR are currently trading up over 3% today on the news.