5 November 2009-- Evergreen Solar, which opened a photovoltaic panels manufacturing plant last year, is moving jobs at the plant to China. Its wafer and cell production facilities will remain in Massachusetts.
In its press release regarding third quarter results Wednesday, the company said the dropping price of panels led to the agreement with Jiawei in China, which will convert the trademarked String Ribbon wafers into Evergreen Solar-branded panels on a contract manufacturing basis.
"Panel prices have fallen over 30 percent since mid-2008, making it very difficult for manufacturers located in high-cost regions to remain price competitive," said Evergreen Chairman, CEO and President Richard Feldt.
The release said the move will begin in mid-2010.
Want more news? Subscribe to the FREE E-newsletter!
Related articles
Evergreen Solar breaks ground on new manufacturing facility in Massachusetts
Evergreen Solar advances String Ribbon trade; technology