Evergreen Solar Announces $125 Million Distribution Agreement With Donauer Solartechnik March 15, 2006.
“... announced that it has entered into a multi–year supply contract with Donauer Solartechnik, a German–based solar power distributor. The agreement calls for Evergreen Solar to ship approximately $125 million of photovoltaic modules to Donauer over the next four years, based on current exchange rates.
Donauer has been an outstanding distribution partner for Evergreen Solar for several years, and we look forward to our expanded relationship,” said Richard M. Feldt, Evergreen Solar’s president and chief executive officer. “With more than $100 million in 2005 sales and well over 1,000 customers, Donauer is one of the fastest growing distributors in Europe. They have built an outstanding reputation in the industry, successfully serving the residential and small commercial segments by supporting numerous local installers with products and related support services. Working with Donauer, we plan to continue expanding our presence in Germany as well as emerging markets such as Spain, Portugal and Italy.””