Renewable Energy Installations in WI

Thursday, March 19, 2009

RMT, Inc. of Madison enters utility solar market with Evergreen Solar

From a news release posted on Business Wire:

MARLBORO, Mass.--Evergreen Solar, Inc. (Nasdaq: ESLR - News), a manufacturer of STRING RIBBON™ solar power products with its proprietary, low-cost silicon wafer manufacturing technology, announced today that it has entered into an agreement with RMT, Inc., of Madison, Wisconsin. Under the agreement, the two companies will co-market to electric utilities and project developers of utility-scale solar power projects.

For all utility-scale projects that are bid jointly by the two companies, RMT will be the EPC (engineering, procurement and construction contractor) while Evergreen Solar will provide the solar panels. In 2008 alone, utility-scale solar projects ranged in size from approximately 10 MW to 800 MW. At present, the two companies have submitted bids for more than 400 MW of solar installations that, if won, will be implemented over the next five years.

RMT has designed and constructed more than 3.1 Gigawatts of renewable energy projects across the U.S. and will now add solar power to its service offerings. The company’s existing relationships with electric utilities will serve as the platform for its partnership with Evergreen Solar, as they pursue utility scale solar power projects.

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