Science & Technology
Science and Technology
Science and Technology
Tue, February 24, 2009
Mon, February 23, 2009 First Stage of Construction on 2.8MW Solar Installation Atop Germany?s A3 Highway Tunnel Nears Completion
MARLBORO, Mass.--([ BUSINESS WIRE ])--Evergreen Solar, Inc. (Nasdaq: ESLR), a manufacturer of STRING RIBBON™ solar power products with its proprietary, low-cost silicon wafer manufacturing technology, announced today that a landmark installation placing more than 16,000 solar panels on the roof of the tunnel of Germany's A3 highway using Evergreen Solar panels is nearing completion of its first phase of construction. When finished, the 2.8 megawatt solar installation will be one of Germany's largest and first to be located on a public highway.
The installation, located near Aschaffenburg, Germany, occupies 2.7 kilometers of the A3 tunnel roof and, upon completion, will provide enough energy to power more than 600 average houses annually. German-based solar installer Ralos is overseeing the construction and working with Goldbach-Hoesbach, a German power provider. Goldbach-Hoesbach, which purchased the land from the German government, will oversee the projects inconnectivity to the power grid. The investment in the project is €11 million, which will be paid back through cost savings over 16 years.
"This project is a testament to the fact that when both government and developers work together in a creative and goal-oriented way, positive results such as clean, renewable energy can be the result," said Peter Rusch, Evergreen Solar's director of marketing and sales for Europe, the Middle East and Asia. "Theoretically, there's a huge amount of free space on highway bridges and tunnels. If this example is replicated throughout Germany, the country's market share on solar energy could rise substantially."
About Evergreen Solar, Inc.
Evergreen Solar, Inc. develops, manufactures and markets STRING RIBBON™ solar power products using its proprietary, low-cost wafer technology. The company's patented wafer manufacturing technology uses significantly less polysilicon than conventional processes. Evergreen Solar'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 ].
Safe Harbor Statement
This press release contains forward-looking statements which are made pursuant to the safe harbor provisions of Section 21E of the Securities Exchange Act of 1934. These statements are neither promises nor guarantees, and involve risks and uncertainties that could cause actual results to differ materially from such forward-looking statements. Such risks and uncertainties are identified in the company's filings with the Securities and Exchange Commission – including the company's Annual and Quarterly Reports on Forms 10-K and 10-Q filed with the SEC (copies of which may be obtained at the SEC's website at: [ http://www.sec.gov ]) – could impact the forward-looking statements contained in this press release. Evergreen Solar disclaims any obligation to publicly update or revise any such statements to reflect any change in expectations, or in events, conditions or circumstances on which any such statements may be based, or that may affect the likelihood that actual results will differ.
