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Evergreen Solar Plans $300M Note Sale

Rebecca Zacks 6/25/08

Evergreen Solar (NASDAQ: ESLR) of Marlboro, MA today announced it plans to sell $300 million worth of senior convertible notes to help fund the completion of its Devens, MA, plant and to begin construction of a new manufacturing facility. Much of the capacity at the Devens plant is now spoken for, thanks to a recent run of long-term contracts that Evergreen has signed.

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