28 Nov '11, 10pm

Evergreen Solar Finds Chinese Buyer for Its Technology

The completion of the sale, announced last Friday in a Securities and Exchange Commission filing , also came with the news that Evergreen’s board of directors had let go CEO, Michael El-Hillow, effective immediately. The company served the same termination notices to its CFO, Donald W. Reilly, CTO, Lawrence Felton, chief strategy officer Richard G. Ghleboski, and general manager of the Asia operations, Henry Ng. The board then appointed Christian M. Ehrbar as the CEO and Paul Kawa as the CFO as the company continues its march toward the end of the bankruptcy process. Evergreen’s core technology centers around the manufacturing of silicon wafers that uses a technology first developed at MIT. The sale it announced last Friday included the intellectual property of this wafer technology, which the company promised to deliver very efficient cells. The buyer, China Private Equit...

Full article: http://www.renewableenergyworld.com/rea/news/article/2011...

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