Evergreen Solar, Inc. was "a fully integrated manufacturer of
solar panels producing wafers, cells and panels." On August 15, 2011, the company filed for Chapter 11 reorganization with the intent of selling its assets.
[Greentechmedia.]
Evergreen Files for Chapter 11 Plans to Sell Assets
"
Evergreen Solar was founded in 1994 and until bankruptcy traded on the NASDAQ exchange. Evergreen produced proprietary "
String Ribbon
Evergreen Solar, Inc. was "a fully integrated manufacturer of solar panels producing wafers, cells and panels." On August 15, 2011, the company filed for Chapter 11 reorganization with the intent of selling its assets.Greentechmedia.Evergreen Fil ...
"
solar cells
A solar cell, or photovoltaic cell, is an electronic device that converts the energy of light directly into electricity by the photovoltaic effect, which is a physical and chemical phenomenon. for the photovoltaics industry. The company announced plans to close its main American factory and lay off the 800 workers there by March 2011. Evergreen is shifting production to China where it has a joint venture. The company received $21 million from Massachusetts, covering part of the cost of the Devens factory.
Company
Evergreen operated out of
Marlborough, Massachusetts, USA and in 2007 announced plans to expand annual production from 17MW to 100MW.
In 2006 Evergreen,
Q-Cells
Hanwha Q Cells (commonly known as simply Q CELLS) is a major manufacturer of photovoltaic (PV) solar cells. The company is headquartered in Seoul, South Korea, after being founded in 1999 in Thalheim, Germany, where the company still has its eng ...
and
Renewable Energy Corporation (REC) formed EverQ (later renamed Sovello), a joint venture to open a factory in Thalheim, Germany which was expected to produce 300 MW of photovoltaic modules by 2010. Sovello intended to make a public stock offering, but instead was acquired by Ventizz Capital Partners.
Evergreen's factory in Devens, MA opened in mid-2008 and expected to be producing at a rate of 80 megawatts per year by early 2009. A second phase was scheduled to begin ramping in early 2009 to produce an additional 80 megawatts per year. CEO Richard Feldt had said the company was eyeing expansion in Asia as well.
CEO Michael El-Hillow (appointed September 2010) closed the factory at
Devens, MA at the end of March, 2011, shifting production to China.
See also
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Green technology
Environmental technology (envirotech) or green technology (greentech), also known as ''clean technology'' (''cleantech''), is the application of one or more of environmental science, green chemistry, environmental monitoring and electronic devic ...
*
List of photovoltaics companies
This is a list of notable photovoltaics (PV) companies.
Grid-connected solar photovoltaics (PV) is the fastest growing energy technology in the world, growing from a cumulative installed capacity of 7.7 GW in 2007, to 320 GW in 2016. In 2016 ...
*
Photovoltaic array
A photovoltaic system, also PV system or solar power system, is an electric power system designed to supply usable solar power by means of photovoltaics. It consists of an arrangement of several components, including solar panels to absorb and co ...
*
Photovoltaics
Photovoltaics (PV) is the conversion of light into electricity using semiconducting materials that exhibit the photovoltaic effect, a phenomenon studied in physics, photochemistry, and electrochemistry. The photovoltaic effect is commercially ...
*
Renewable energy
*
Renewable Energy Corporation
The Renewable Energy Corporation (REC) is a solar power company with headquarters in Singapore. REC produces silicon materials for photovoltaics (PV) applications and multicrystalline wafers, as well as solar cells and modules. It is a wholly-ow ...
*
Solar power
Solar power is the conversion of energy from sunlight into electricity, either directly using photovoltaics (PV) or indirectly using concentrated solar power. Photovoltaic cells convert light into an electric current using the photovolta ...
*
Solar shingle
Solar shingles, also called photovoltaic shingles, are solar panels designed to look like and function as conventional roofing materials, such as asphalt shingle or slate, while also producing electricity. Solar shingles are a type of solar energ ...
*
Solar tracker
*
String Ribbon
Evergreen Solar, Inc. was "a fully integrated manufacturer of solar panels producing wafers, cells and panels." On August 15, 2011, the company filed for Chapter 11 reorganization with the intent of selling its assets.Greentechmedia.Evergreen Fil ...
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References
External links
Official Website
Solar energy companies of the United States
Photovoltaics manufacturers
Technology companies based in Massachusetts
Manufacturing companies based in Massachusetts
Marlborough, Massachusetts
Companies based in Middlesex County, Massachusetts
Energy companies established in 1994
Renewable resource companies established in 1994
1994 establishments in Massachusetts
Companies formerly listed on the Nasdaq
Companies that filed for Chapter 11 bankruptcy in 2011
American companies established in 1994