ESLR

Evergreen Solar, Inc. develops, manufactures and markets solar power products using proprietary, low-cost manufacturing technologies. The Company's patented crystalline silicon technology, known as String Ribbon, uses significantly less silicon than conventional approaches. Evergreen's products provide reliable and environmentally clean electric power for residential and commercial applications globally.

Evergreen Solor own a 33% interest in EverQ.EverQ is a strategic partnership of Evergreen Solar, Inc. of the United States, Q-Cells AG of Germany, and Renewable Energy Corporation ASA of Norway. Evergreen Solar develops, manufactures and markets solar power products using its String Ribbon technology. Q-Cells is the world's largest independent manufacturer of crystalline silicon solar cells. Renewable Energy Corporation is one of the world's largest manufacturers of solar-grade silicon and multicrystalline. The EverQ joint venture plans to increase the solar module production capacity of its factory in Germany from about 30MW in 2006 to 80MW in 2007 and approximately 300MW in the second half of 2009 or early 2010.

Outlook

Still lossing money but sales growing rapidly and poised to make a profit

Notes

summary of third qtr 2006 results

Presentation

Interview with Mark Farber

Evergreen Solar signed a binding memorandum of understanding with Q-Cells AG of Germany (FSE: QCE) and Renewable Energy Corporation AS of Norway (OSEAX: REC.OL) regarding new polysilicon supply agreements sufficient to allow EverQ to In conjunction with the implementation of the EverQ supply agreements and consistent with the existing joint venture documents, Evergreen Solar, REC and Q-Cells have agreed to become equal partners in EverQ. Definitive agreements for the EverQ expansion are expected to be executed during the third quarter.

July 19, 2006 - Evergreen Solar Announces $200 Million Sales Agreement With SunEdison, LLC; Evergreen Solar's Recent Contract Awards Exceed $600 Million Over the Next Five Years

MARLBORO, Mass.--(BUSINESS WIRE)--July 19, 2006--Evergreen Solar, Inc. (Nasdaq: ESLR), a manufacturer of solar power products with its proprietary, low-cost String Ribbon(TM) wafer technology, today announced its largest sales agreement to date. Under the terms of the agreement, Evergreen Solar will ship approximately $200 million of photovoltaic modules to SunEdison, LLC over the next five years.

"This agreement with SunEdison underscores the growth potential of our photovoltaic module product line and aligns our company with an emerging solar power leader," said Richard M. Feldt, Evergreen Solar's president and chief executive officer. "The agreement also demonstrates the strategic importance of EverQ - our partnership with Q-Cells and Renewable Energy Corporation. The recent announcement of our intention to expand EverQ's capacity to 80MW in 2007 and up to 300MW by 2010 enables us to continue forging long-term customer agreements with solar industry leaders like SunEdison."

"SunEdison simplifies solar development projects by offering clients access to the company's innovative Solar Power Service Agreement (SPSA), a finance and service model that allows public, private and nonprofit organizations to buy and use solar electricity generated at their facilities without capital investment," said Feldt. "This innovative platform enables wider access to solar power and supports Evergreen's ultimate goal of converging the cost of solar power with retail grid pricing."

"SunEdison's strategic partnership with Evergreen Solar, a solar power technology innovator, will be integral to our larger goal of building more efficient, more cost-effective systems that create value for our customers," said Brian Jacolick, vice president of sales for SunEdison. "We believe Evergreen Solar will be a valuable long-term partner and we look forward to working with the company over the next five years to spread the benefits of affordable solar power."

The sales agreement with SunEdison is Evergreen Solar's fifth major contract secured since November 2005 and is the largest in Company history. The value of these five contracts totals more than $600 million over the next five years. The photovoltaic modules will be manufactured at Evergreen Solar's plant in Massachusetts and at the new 30MW EverQ factory in Thalheim, Germany.

About EverQ

EverQ's existing solar module manufacturing plant in Thalheim, Germany, produces Evergreen Solar's high-output Spruce Line(TM) of photovoltaic panels. Products fabricated by EverQ use Evergreen Solar's patented String Ribbon(TM) manufacturing process. String Ribbon is substantially more efficient in the use of silicon than conventional sliced crystalline technologies.

EverQ is a strategic partnership of Evergreen Solar, Inc. of the United States, Q-Cells AG of Germany, and Renewable Energy Corporation ASA of Norway. Evergreen Solar develops, manufactures and markets solar power products using its String Ribbon technology. Q-Cells is the world's largest independent manufacturer of crystalline silicon solar cells. Renewable Energy Corporation is one of the world's largest manufacturers of solar-grade silicon and multicrystalline