Q-Cells AG, a German maker of solar cells that went public last month, said Norway's Renewable Energy Corp. AS will become the third partner in its EverQ joint venture with Evergreen Solar Inc. Renewable Energy will deliver 250 tons of solar-grade silicon per year to EverQ GmbH, which produces solar modules, Q-Cells said. REC will hold a 15 percent stake in the joint venture, Q-Cells a 21 percent stake, and Marlborough-based Evergreen a 64 percent stake, according to the companies. Under terms of the seven-year agreement, REC will initially supply Evergreen Solar with 60 metric tons and EverQ with 190 metric tons of solar-grade silicon annually.
Evergreen Solar, Inc. (Nasdaq: ESLR), a manufacturer of solar power products with its proprietary, low-cost String Ribbon(TM) wafer technology, Q-Cells AG, is the world's largest independent manufacturer of crystalline silicon solar cells, and REC is the world's largest manufacturer of solar-grade silicon and multicrystalline wafers. Evergreen Solar and Q-Cells are currently building a 30-megawatt solar wafer, cell and module manufacturing plant in Thalheim, Germany. The 30-megawatt Thalheim facility is scheduled to commence full-scale operations by the summer of 2006.
More evidence of companies lining up silicon supplies - it appears they had to give up 15% of the company to get silicon.
Resource: Evergreen Solar and Q-Cells Announce Partnership with REC; Leading Solar Silicon Supplier Joins EverQ Venture, press release, November 28, 2005