Sovello Sample Clauses

Sovello. Sovello is a joint venture between REC, Q-Cells and Evergreen that was established in 2005 to manufacture wafers using String Ribbon Technology, photovoltaic cells and modules incorporating such wafers based on the combination of their respective technologies and expertise. Two existing factories are already running in Thalheim, Germany, using Gemini String Ribbon Technology. In October 2007, REC, Q-Cells and Evergreen agreed (i) on a further expansion of Sovello with a capacity of further 75 MW based on Quad/COF Technology, (ii) to look to establish factories in other locations worldwide and (iii) to make changes in the contractual relationships between Evergreen and Sovello and establish Sovello as an independent company with a goal of completing an initial public offering.
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Related to Sovello

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