Evergreen Solar signs contract worth $1.2 bln
NEW YORK, July 15 |
NEW YORK, July 15 (Reuters) - U.S. solar panel maker Evergreen Solar Inc ESLR.O said on Tuesday it has signed a new long-term sales contract worth about $1.2 billion with German-based IBC Solar AG.
Evergreen said the contract extends through 2013 and brings its total contractual backlog to nearly $3 billion.
"This contract represents the single largest contract in the history of our company," said Chief Executive Richard Feldt, in a statement.
Shares of the company were halted, just prior to the announcement. (Reporting by Euan Rocha; Editing by Derek Caney)
- Tweet this
- Link this
- Share this
- Digg this
- Reprints
Comments (0)
This discussion is now closed. We welcome comments on our articles for a limited period after their publication.
Follow Reuters