Vermont firm nabs $88 million solar contract

MARLBORO, MA — Evergreen Solar has announced a multi-year supply contract with Global Resource Options (GRO), a Vermont-based solar power distributor and system integrator.

The agreement calls for Evergreen Solar to ship approximately $88 million of photovoltaic modules to GRO over the next four years.

“GRO is a great addition to Evergreen Solar’s growing list of high-volume distributor and system integrator customers,” said Richard M. Feldt, president and CEO of Evergreen Solar, in a statement released Feb. 28. “GRO has firmly established its presence in the Northeast region and is expanding into adjacent markets. We see them as a key partner in our effort to grow and maximize our penetration of the U.S. market.”

Jeff Wolfe, CEO of Global Resource Options, said the contract would help the company keep its business strategy of maintaining consistent and reliable supplies of solar products to residential and small commercial customers throughout the region.

“We are thrilled to partner with Evergreen Solar, with its proprietary String Ribbon technology and rapidly expanding manufacturing capability,” Wolfe said. “Our relationship with Evergreen ensures that as the market for solar continues to expand, GRO will continue to grow with it. GRO customers can be confident that they will have ready access to solar installations, at a steady price, for years to come.”

Posted March 9, 2006

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