Related Companies
<thead> | Symbol | Last | %Chg |
</thead> | ESLR | 2.34 | 4.93% |
As of 1:13 PM ET 4/14/09
Evergreen Solar, Inc., a manufacturer of String Ribbon solar power products with its proprietary, low-cost silicon wafer manufacturing technology, announced that it has entered into an agreement with RMT, Inc., of Madison, Wisconsin.
Under the agreement, the two companies will co-market to electric utilities and project developers of utility-scale solar power projects.
For all utility-scale projects that are bid jointly by the two companies, RMT will be the EPC (engineering, procurement and construction contractor) while Evergreen Solar will provide the solar panels. In 2008 alone, utility-scale solar projects ranged in size from approximately 10 MW to 800 MW. At present, the two companies have submitted bids for more than 400 MW of solar installations that, if won, will be implemented over the next five years.
RMT has designed and constructed more than 3.1 Gigawatts of renewable energy projects across the U.S. and will now add solar power to its service offerings. The company's existing relationships with electric utilities will serve as the platform for its partnership with Evergreen Solar, as they pursue utility scale solar power projects.
"Our relationship with RMT provides Evergreen Solar with increased access to the utility-scale solar power project market," said Terry Bailey, Evergreen Solar's senior vice president of sales and marketing. "Relationships with utilities and large project developers can dramatically improve solar market delivery and further assist in closing the gap between solar and conventional energy costs while expanding renewable energy choices available to utility customers."
"We're proud to be aligned with Evergreen Solar, and we look forward to engaging our team on utility-scale solar projects across the U.S.," states Frank Greb, Vice President, RMT.
$2.35 (04/14/09)
