Evergreen Solar Plans $300M Note Sale

Evergreen Solar (NASDAQ: [[ticker: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.

Author: Rebecca Zacks

Rebecca is Xconomy's co-founder. She was previously the managing editor of Physician's First Watch, a daily e-newsletter from the publishers of New England Journal of Medicine. Before helping launch First Watch, she spent a decade covering innovation for Technology Review, Scientific American, and Discover Magazine's TV show. In 2005-2006 she was a Knight Science Journalism Fellow at MIT. Rebecca holds a bachelor's degree in biology from Brown University and a master's in science journalism from Boston University.