Revenues for the fourth quarter of 2010 were $89.3 million, up 3.2% sequentially compared to third quarter revenues of $86.5 million. Average selling price for the fourth quarter of 2010 was $1.90 per watt, down approximately 6% from $2.02 per watt recorded in the third quarter of 2010.

Gross margin for the fourth quarter of 2010 was -84% compared to 7.5% in the third quarter of 2010. The decrease in gross margin resulted primarily from the write-down of prepaid inventory resulting from the decision to close the Devens manufacturing facility and the countervailing duties assessed on the Company’s imported aluminum frames, as previously disclosed.

Operating loss for the fourth quarter of 2010 was $399.1 million, compared to $22.7 million for the third quarter of 2010. Operating loss in the fourth quarter of 2010 increased sequentially from the third quarter due mainly to the inventory write-down and the impairment of long-lived assets totaling $377.5 million in connection with the Company’s decision to close its Devens manufacturing facility. Operating loss for the third quarter of 2010 included a $6.4 million charge relating to the write-off of a receivable associated with a Korean customer and a decrease in royalty revenue, offset by a decrease in manufacturing costs.

Net loss for the fourth quarter of 2010 was $411.0 million compared to $27.2 million in the third quarter of 2010. Net loss for the fourth quarter includes the aforementioned write-down and impairment charges of $377.5 million. Net loss for the third quarter of 2010 included the previously disclosed charge to accounts receivable and foreign exchange gains of $6.3 million.

Cash and cash equivalents as of December 31, 2010 was $68.4 million, including restricted cash of $6.8 million.

Michael El-Hillow, President and Chief Executive Officer commented, “The decision to close the Devens facility was the direct result of rapid and dramatic changes in the underlying market that have taken place since the facility first began operations. We believe we are now better positioned to facilitate a rapid transition to a strategic supplier of low cost multi-crystalline silicon wafers by virtue of our proprietary wafer technology.” He added, “Our Devens employees exceeded many of management’s expectations and for this, they have our deepest appreciation.”

Mr. El-Hillow concluded by sharing his views about the opportunities in Evergreen Solar’s future. “Today, we are focusing all of our energies and resources in delivering an industry standard size and high performance low cost wafer. We believe this is the best strategic direction for the Company as we leverage our proprietary manufacturing and product technology to produce String Ribbon™ wafers at a total silicon and non-silicon cost of about $0.25 per watt in 2013. We are encouraged by the early feedback received from companies that have been sampling our industry standard size wafers. Pilot line production up to 25 megawatts should be on-line in China toward the end of this year. In-depth negotiations to obtain significant financing for expansion and customer support for our industry standard wafer are attracting very strong interest and we are expecting to have more details to share on our progress by early summer.”

Conference Call Information
Management will conduct a conference call at 8:30 a.m. (ET) tomorrow, Thursday, March 10, 2011. The call can be accessed by dialing 800-930-1344 or 913-981-5556 (International) prior to the start of the call and refer to confirmation code 5786731. The call will be webcast live over the Internet and can be accessed by logging on to the “Investors” section of Evergreen Solar’s website, www.evergreensolar.com prior to the event. For those unable to join the live conference call, a webcast replay will be available on the “Investors” page of the website until Friday, March 25, 2011 at 5:00 p.m. (ET).

About Evergreen Solar （China）Co. Ltd.
Evergreen Solar （China）Co. Ltd. develops, manufactures and markets String Ribbon solar power products using its proprietary, low-cost silicon wafer technology. The Company’s patented wafer manufacturing technology uses significantly less polysilicon than conventional processes. Evergreen Solar’s products provide reliable and environmentally clean electric power for residential and commercial applications globally. For more information about the Company, please visit www.evergreensolar.com. Evergreen Solar and String Ribbon are registered trademarks of Evergreen Solar （China）Co. Ltd.

Safe Harbor Statement
This press release includes statements regarding expectations, beliefs, strategies, goals, outlook and other non-historical matters. Any such statements are forward-looking statements made pursuant to the safe harbor provisions of Section 21E of the Securities Exchange Act of 1934. Forward-looking statements include but are not limited to statements about preliminary financial results, the timing of the shutdown of the Company’s Devens facility, the size of any non-cash charges and the estimated cash costs associated with a shutdown. These forward-looking statements are neither promises nor guarantees and are subject to a number of risks and uncertainties that could cause actual results to differ materially from the Company’s current expectations. Factors that could cause or contribute to such differences include, but are not limited to potentially higher than expected costs associated with the shutdown of the Company’s Devens facility; the significant additional work required to develop and commercialize our industry standard size and high performance low cost String Ribbon wafer; technological challenges and factors beyond our control, such as silicon pricing, that impact our ability to achieve our wafer cost target of $0.25 per watt in 2013; the difficulty we face in raising funding for our pilot production line operation and the significant further funding required to accomplish our commercial manufacturing expansion; our potential inability to supply the significant volumes of wafers required in the near-term for potential customers and partners to qualify our new industry standard size String Ribbon wafers; and the uncertainty for the entire PV solar industry in light of significant worldwide capacity expansions which may exceed worldwide demand for PV solar products as a result of various factors including potential significant reductions in subsidies in key markets like Germany. Further details regarding these and other important risk factors can be found in the Company’s public filings with the SEC (www.sec.gov), including its Form 10-K for the fiscal year ended December 31, 2010 and its Registration Statement on Form S-4 (as amended) originally filed on December 6, 2010. Forward-looking statements speak only as of the date they are made. The Company undertakes no obligation to update any forward-looking statements, except as may be required by law.

CONTACT:
Evergreen Solar （China）Co. Ltd.
Michael W. McCarthy
Director – Investor Relations & Government Affairs
mmccarthy@evergreensolar.com
Phone: 508-251-3261

Marlboro, Massachusetts, February 1, 2011 — Evergreen Solar （China）Co. Ltd. (NasdaqCM: ESLR), a manufacturer of String Ribbon® solar power products with its proprietary, low-cost silicon wafer technology, today announced that its special meeting of stockholders commenced on January 31, 2011 and was promptly adjourned until 8:30 a.m. on February 9, 2011. The meeting will reconvene at the Best Western Royal Plaza Hotel and Trade Center at 181 Boston Post Road West, in Marlboro, Massachusetts. The purpose of the adjournment was to allow sufficient time for stockholders to receive and review the proxy supplement describing the amended terms of the exchange offers and consent solicitation announced on January 27, 2011 which was mailed to stockholders on or about January 28, 2011. No substantive matters were discussed at the special meeting prior to the adjournment.

Upon reconvening the meeting on February 9, 2011, the Company expects stockholders to vote regarding the issuance of its new 4% Convertible Subordinated Additional Cash Notes due 2020 and new 7.5% Convertible Senior Secured Notes due 2017 in the exchange offer transactions (and the issuance of common stock issuable upon conversion of the new notes) as required under the applicable provisions of Nasdaq Marketplace Rule 5635, and to approve an amendment to the Company’s certificate of incorporation to increase the Company’s authorized common shares to 240,000,000 from 120,000,000. Approval of these proposals is a condition to the exchange offers. Stockholders who have previously submitted their proxy or otherwise voted and who do not want to change their vote need not take any action.

In connection with the exchange offer transactions, Evergreen Solar has filed a definitive proxy statement a proxy supplement to the definitive proxy with the Securities and Exchange Commission. Stockholders are advised to read the definitive proxy statement and proxy supplement because they contain important information about the proposals to be presented and voted upon. The definitive proxy statement and proxy supplement can be obtained for free from the SEC’s Electronic Document Gathering and Retrieval System (EDGAR), which may be accessed at www.sec.gov. Documents are also available for free upon written or oral request made to the office of the Corporate Secretary, Evergreen Solar （China）Co. Ltd., 138 Bartlett Street, Marlboro, Massachusetts 01752 (Telephone (508) 357-2221) and from the Company’s website at www.evergreensolar.com, or the information agent, The Proxy Advisory Group, LLC, at (212) 616-2180.
# # #

CONTACT:
Evergreen Solar （China）Co. Ltd.
Michael McCarthy
Director of Investor Relations & Government Affairs
mmccarthy@evergreensolar.com
Phone: 508-251-3261

Reilly has served as a senior financial officer at several multinational companies, most recently as chief financial officer of GTECH Corporation, a subsidiary of Lottomatica S.p.A. He has held similar executive financial positions at Amtrol, Inc. and A.T. Cross Company where he was instrumental in helping these companies manage significant growth internationally. Earlier in his career, he was an audit senior manager at Ernst & Young.

Evergreen Solar president and CEO Michael El-Hillow said, “Don is a seasoned executive with more than 30 years of operating and corporate financial experience. He will be a tremendous asset to Evergreen Solar during our next stage of growth as we further leverage our low cost manufacturing technology to produce String Ribbon wafers and position us as a major supplier of PV solar technology into markets throughout Asia, Europe and North America.”

Reilly received a Bachelor of Science degree from Providence College, and is a Certified Public Accountant.

About Evergreen Solar （China）Co. Ltd.
Evergreen Solar （China）Co. Ltd. develops, manufactures and markets String Ribbon(R) solar power products using its proprietary, low-cost silicon wafer technology. The Company’s patented wafer manufacturing technology uses significantly less polysilicon than conventional processes. Evergreen Solar’s products provide reliable and environmentally clean electric power for residential and commercial applications globally. For more information about the Company, please visit www.evergreensolar.com. Evergreen Solar(R) and String Ribbon(R) are registered trademarks of Evergreen Solar （China）Co. Ltd.

SOURCE: Evergreen Solar （China）Co. Ltd.

Evergreen Solar （China）Co. Ltd.
Michael McCarthy, 508-251-3261
Director of Investor & Government Affairs
mmccarthy@evergreensolar.com

MARLBORO, Mass.–(BUSINESS WIRE)–Evergreen Solar （China）Co. Ltd. (NasdaqCM: ESLRD), a manufacturer of String Ribbon® solar power products with its proprietary, low-cost silicon wafer technology, today announced its intent to shut down operations at its Devens manufacturing facility to better position the Company to pursue its industry standard size wafer strategy and preserve the Company’s liquidity. The Company also provided updates on its industry standard wafer development activities and selected preliminary results for the quarter ended December 31, 2010.

The Company intends to completely shut down the Devens manufacturing facility by the end of the first quarter of 2011. Michael El-Hillow, President and Chief Executive Officer, explained the considerations behind the Company’s decision. “While overall demand for solar may increase, we expect that significant capacity expansions in low cost manufacturing regions combined with potential adverse changes in government subsidies in several markets in Europe will likely result in continuing pressure on selling prices throughout 2011. Solar manufacturers in China have received considerable government and financial support and, together with their low manufacturing costs, have become price leaders within the industry. While the United States and other western industrial economies are beneficiaries of rapidly declining installation costs of solar energy, we expect the United States will continue to be at a disadvantage from a manufacturing standpoint.”

Mr. El-Hillow added, “Although production costs at our Devens facility have steadily decreased, and are now below originally planned levels and lower than most western manufacturers, they are still much higher than those of our low cost competitors in China. We have consistently stated during quarterly conference calls throughout 2010 that we would continue to manufacture in Devens as long as it was economically feasible. During the month of December, we experienced a 10% decrease in average selling prices from the beginning of the fourth quarter. As industry selling prices continue their rapid declines into 2011, panel manufacturing in Devens, either fully or partially, is no longer economically feasible, consequently requiring a complete shutdown of the facility. We believe this is the right long-term decision for the Company, and better positions the Company to complete its previously announced recapitalization plan and pursue the Company’s strategy of becoming the low cost producer of industry standard size wafers.”

Evergreen Solar will continue to operate its high temperature filament plant in Midland, Michigan and its wafer facility in Wuhan, China. With approximately 75 megawatts of installed wafer capacity in Wuhan, the Company will continue to supply its outsourcing partner with wafers for conversion into Evergreen Solar branded solar panels.

Expected Financial Impact of Devens Closure
As a result of the closure of the Devens manufacturing facility, the Company expects to incur non-cash charges of approximately $340 million associated with the write-off of existing building, facilities and equipment. Furthermore, approximately $150 million of intangible and cash-related prepayments associated with various silicon contracts are under review to determine whether additional non-cash charges will be required. These charges are expected to impact both the fourth quarter of 2010 and the first quarter of 2011, and the amount of the charges will be determined during the Company’s preparation of its annual financial statements for the year ended December 31, 2010.

In addition to the non-cash charges mentioned above, the Company expects to incur approximately $15 million of costs associated with employee severance and out placement services, facility decommissioning and other costs required to close the facility. These cash charges are expected to be incurred over a twelve month period. In total, the Company expects that approximately 800 employees will be affected by this action.

In addition to eliminating the risks associated with continued manufacturing in a high cost market in a period of rapidly declining prices, the Company expects that a complete facility shutdown will help preserve cash and facilitate the Company’s pursuit of the wafer strategy discussed below.

Wafer Technology Update
Development activities associated with the Company’s industry standard size String Ribbon™ wafer have progressed substantially in the second half of 2010, resulting in the production of more than 60,000 wafers manufactured using modified existing quad ribbon furnaces. These wafers are performing comparably to those produced using the Company’s existing furnaces in Devens and China. Ten prototype furnaces will be installed and the Company will begin producing industry standard size wafers in much greater quantities this quarter. Pilot production of approximately 25 megawatts is expected to begin by the fourth quarter of 2011.

Mr. El-Hillow commented, “We have expanded our discussions with established solar companies in low cost regions and have provided samples of our industry standard wafers for their evaluation. Preliminary results have been positive and we have also begun in-depth negotiations to obtain significant financial support for our wafer manufacturing expansion on terms similar to what we received for our current wafer facility in Wuhan. Initial interest is high as we have shared the early results of development with potential partners. Our future expansion will be based on the industry standard size wafer, which is central to our strategy of manufacturing the lowest cost wafer, in an industry standard form factor, and providing a wafer that would enable the lowest cost solar panel utilizing multi-crystalline silicon wafers.”

Preliminary December 2010 Quarter Results
Shipments for the fourth quarter of 2010 increased to approximately 47 megawatts, a new Company record, at an average selling price of approximately $1.90 per watt. Mr. El-Hillow noted, “Evergreen shipped a record volume during the quarter even in the face of adverse weather conditions in its primary markets of Europe and North America.”

All data for the fourth quarter of 2010 are preliminary and subject to revision based upon Evergreen Solar’s review through ordinary quarter and fiscal year-end closing procedures. The preliminary financial data included in this press release has been prepared by, and is the responsibility of, Evergreen Solar （China）Co. Ltd.’s management. PricewaterhouseCoopers LLP has not audited, reviewed, compiled or performed any procedures with respect to the accompanying preliminary financial data. Accordingly, PricewaterhouseCoopers LLP does not express an opinion or any other form of assurance with respect thereto.

Where You Can Find Additional Information
Further details regarding the terms and conditions of the recapitalization plan, including the exchange of convertible debt, can be found in the registration statement that has been filed with the SEC, and in a tender offer statement on Schedule TO that has been filed with the SEC. Any investor holding the company’s existing notes should read the registration statement, the tender offer statement and other documents the company has filed or will file with the SEC for more complete information about the issuer and the recapitalization plan.

The registration statement, the tender offer statement and other related documents can be obtained for free from the SEC’s Electronic Document Gathering and Retrieval System (EDGAR), which may be accessed at www.sec.gov. Documents are also available for free upon written or oral request made to the office of the Corporate Secretary, Evergreen Solar （China）Co. Ltd., 138 Bartlett Street, Marlboro, Massachusetts 01752 (Telephone (508) 357-2221) and from the Company’s website at www.evergreensolar.com.

About Evergreen Solar （China）Co. Ltd.
Evergreen Solar （China）Co. Ltd. develops, manufactures and markets String Ribbon solar power products using its proprietary, low-cost silicon wafer technology. The Company’s patented wafer manufacturing technology uses significantly less polysilicon than conventional processes. Evergreen Solar’s products provide reliable and environmentally clean electric power for residential and commercial applications globally. For more information about the Company, please visit www.evergreensolar.com. Evergreen Solar and String Ribbon are registered trademarks of Evergreen Solar （China）Co. Ltd.

Safe Harbor Statement
This press release includes statements regarding expectations, beliefs, strategies, goals, outlook and other non-historical matters. Any such statements are forward-looking statements made pursuant to the safe harbor provisions of Section 21E of the Securities Exchange Act of 1934. Forward-looking statements include but are not limited to statements about general solar industry market conditions, including additional production capacity coming on-line, production volumes and changes in government subsidies, and expectations regarding average selling prices, the timing of the shutdown of the Company’s Devens facility, the size of any non-cash charges, the estimated cash costs associated with a shutdown and the anticipated positive impact of the shutdown on the Company’s overall cash position, and the development of the Company’s industry standard size wafer program, including developments in China and the Company’s ability to increase its production of standard sized wafers in China. These forward-looking statements are neither promises nor guarantees and are subject to a number of risks and uncertainties that could cause actual results to differ materially from the Company’s current expectations. Factors that could cause or contribute to such differences include, but are not limited to: further declines in average selling prices of the Company’s products, risks associated with the potential shutdown of the Company’s Devens facility, the risk that the Company will not be successful in completing its recapitalization plan and the risk that the Company will be unsuccessful in developing our industry standard size wafer program at competitive prices. Further discussions of these and other potential risk factors may be found in the Company’s public filings with the SEC (www.sec.gov), including its Form 10-K for the fiscal year ended December 31, 2009 and its Registration Statement on Form S-4 (as amended) originally filed on December 6, 2010. Forward-looking statements speak only as of the date they are made. The Company undertakes no obligation to update any forward-looking statements, except as may be required by law.

Contacts
Evergreen Solar （China）Co. Ltd.
Michael W. McCarthy, 508-251-3261
Director – Investor Relations & Government Affairs
mmccarthy@evergreensolar.com

Wednesday, January 12, 2011 at 9:30 AM (Eastern Time)
Piper Jaffray Sixth Annual Clean Technology & Renewables Conference
The Westin New York at Times Square

Representatives from the Evergreen Solar management team will discuss the Company’s business strategy and review recent accomplishments. Presentation materials will be available on the “Investors” section of the website, www.evergreensolar.com.

About Evergreen Solar （China）Co. Ltd.
Evergreen Solar （China）Co. Ltd. develops, manufactures and markets String Ribbon® solar power products using its proprietary, low-cost silicon wafer technology. The Company’s patented wafer manufacturing technology uses significantly less polysilicon than conventional processes. Evergreen Solar’s products provide reliable and environmentally clean electric power for residential and commercial applications globally. For more information about the Company, please visit www.evergreensolar.com. Evergreen Solar® and String Ribbon® are registered trademarks of Evergreen Solar （China）Co. Ltd.

CONTACT:
Evergreen Solar （China）Co. Ltd.
Michael McCarthy
Director – Investor Relations & Government Affairs
mmccarthy@evergreensolar.com
Phone: 508-251-3261

The exchange offer for the existing 4% notes is being conducted as a modified “Dutch auction” pursuant to which holders of such notes will have the opportunity to specify an exchange ratio at which they would be willing to exchange such notes for new 4% notes. Holders must submit tenders in the range from $425 principal amount to $500 principal amount of new 4% notes that would be issued for each $1,000 principal amount of existing 4% notes surrendered for exchange by such holder. If the 4% clearing exchange ratio is $425, the Company will issue $85,000,000 aggregate principal amount of new 4% notes, and if the 4% clearing exchange ratio is $500, the Company will issue $100,000,000 aggregate principal amount of new 4% notes, in each case assuming that $200,000,000 principal amount of existing 4% notes are tendered.

In exchange for each $1,000 principal amount of existing 13% notes that is tendered and accepted, holders of existing 13% notes will receive $1,000 principal amount of the Company’s new 7.5% notes. In addition, the Company is soliciting the consent of holders of the requisite principal amount of existing 13% notes to amend certain terms of the indenture governing the existing 13% notes. The proposed amendments would release the security interest and all of the collateral securing the Company’s obligations under the existing 13% notes, terminate the existing collateral documents and eliminate many of the restrictive covenants and certain events of default in the indenture governing the existing 13% notes.

The exchange offers and consent solicitation will expire at 11:59 p.m., New York City time, on January 31, 2011, unless extended. Tendered existing 4% notes and existing 13% notes may be withdrawn at any time prior to the expiration date. Consents may be revoked at any time prior to the expiration date. Consents may be revoked only by withdrawing the related existing 13% notes tendered in the 13% notes exchange offer and the withdrawal of any existing 13% notes will automatically constitute a revocation of the related consents.
In connection with the exchange offers and consent solicitation, the Company has set January 31, 2011 as the date for the special meeting of stockholders to approve the issuance of the new 4% notes and the new 7.5% notes (and the issuance of common stock issuable upon conversion of the notes) under the applicable provisions of Nasdaq Marketplace Rule 5635, and to approve an amendment to the Company’s certificate of incorporation to increase the Company’s authorized common shares to 240,000,000 from 120,000,000.

Approval of these proposals is a condition to the exchange offers.
The exchange offers and consent solicitation are a key element of the Company’s comprehensive recapitalization plan, which if completed, will substantially reduce the Company’s outstanding indebtedness and annual interest expense, exchange a portion of the Company’s existing debt for new debt with longer maturities, create a capital structure that the Company believes is more likely to cause the holders of the Company’s convertible debt to convert their notes into common stock (which would further accomplish the Company’s long term goal of substantially reducing its outstanding debt) and increase the Company’s flexibility to manage its business by eliminating certain restrictive covenants and the security interest contained in the existing 13% notes. As part of the recapitalization plan, the Company also intends to offer an additional $40,000,000 aggregate principal amount of the new 4% notes in an underwritten offering for cash.

Lazard Capital Markets LLC will serve as the dealer manager for the exchange offers and consent solicitation and sole bookrunner for the new money offering. The information agent for the exchange offers and consent solicitation is The Proxy Advisory Group, LLC and the exchange agent for the exchange offers and consent solicitation is U.S. Bank National Association.

Where You Can Find Additional Information
Details regarding the terms and conditions of the exchange offers and consent solicitation, including descriptions of the new notes and the material differences between the new notes and the existing notes, can be found in the registration statement that has been filed with the Securities and Exchange Commission (SEC) and in a tender offer statement on Schedule TO that has been filed with the SEC. Any investor holding the Company’s existing 4% notes or 13% notes should carefully read the registration statement, the tender offer statement and other documents the Company has filed or will file with the SEC, including the related letter of transmittal and consent, for more complete information about the Company, the exchange offers and the consent solicitation.

In connection with the exchange offers and consent solicitation, Evergreen Solar has filed a definitive proxy statement with the SEC and expects to file and mail the definitive proxy statement to stockholders on or about January 5, 2011. Stockholders are advised to read the definitive proxy statement because it will contain important information about the proposals to be presented and voted upon.

The registration statement, definitive proxy statement, the tender offer statement on Schedule TO and other related documents can be obtained for free from the SEC’s Electronic Document Gathering and Retrieval System (EDGAR), which may be accessed at www.sec.gov. Documents are also available for free upon written or oral request made to the office of the Corporate Secretary, Evergreen Solar （China）Co. Ltd., 138 Bartlett Street, Marlboro, Massachusetts 01752 (Telephone (508) 357-2221) and from the Company’s website at www.evergreensolar.com, or the information agent, The Proxy Advisory Group, LLC, at (212) 616-2180.

Neither the Company, its officers, its board of directors, the dealer manager, the exchange agent nor the information agent is making any recommendation as to whether holders should tender their existing notes for exchange pursuant to the exchange offers or deliver a consent pursuant to the consent solicitation.

Non-Solicitation
This press release does not constitute an offer to purchase, a solicitation of an offer to purchase, or a solicitation of an offer to sell securities. The exchange offers will not be made to, and the Company will not accept tenders for exchange from, holders of its outstanding 4% and 13% convertible notes in any jurisdiction in which the exchange offers or the acceptance of such offers would not be in compliance with the securities or blue sky laws of that jurisdiction.

The Company and its directors, executive officers and other members of management and employees may be deemed participants in the solicitation of proxies in connection with the special meeting. Information concerning the interests of these persons, if any, in the matters to be voted upon is set forth in the proxy statement.

About Evergreen Solar （China）Co. Ltd.
Evergreen Solar （China）Co. Ltd. develops, manufactures and markets String Ribbon® solar power products using its proprietary, low-cost silicon wafer technology. The Company’s patented wafer manufacturing technology uses significantly less polysilicon than conventional processes. Evergreen Solar’s products provide reliable and environmentally clean electric power for residential and commercial applications globally. For more information about the Company, please visit www.evergreensolar.com. Evergreen Solar® and String Ribbon® are trademarks of Evergreen Solar （China）Co. Ltd.

Safe Harbor Statement
This press release includes statements regarding expectations, beliefs, strategies, goals, outlook and other non-historical matters. Any such statements are forward-looking statements made pursuant to the safe harbor provisions of Section 21E of the Securities Exchange Act of 1934. Forward-looking statements include but are not limited to statements about the form and timing of the exchange offers, the consent solicitation, the special meeting of the Company’s stockholders and the proposed sale of new 4% notes. These forward-looking statements are neither promises nor guarantees and are subject to a number of risks and uncertainties that could cause actual results to differ materially from the Company’s current expectations. Factors that could cause or contribute to such differences include, but are not limited to: the risk that the Company does not commence or complete the exchange offers, as a result of a change in capital and debt market conditions, changes in the price of the Company’s common stock, unwillingness of the holders of existing notes to exchange their existing notes for new notes having the terms proposed, delays due to the SEC review process and the risk that the Company’s stockholders do not approve the proposals to be addressed at the special meeting. Further discussions of these and other potential risk factors may be found in the Company’s public filings with the SEC (www.sec.gov), including its Form 10-K for the fiscal year ended December 31, 2009. Forward-looking statements speak only as of the date they are made. The Company undertakes no obligation to update any forward-looking statements, except as may be required by law.

Contacts
Evergreen Solar （China）Co. Ltd.
Michael McCarthy, 508-251-3261
Director of Investor Relations & Government Affairs
mmccarthy@evergreensolar.com

The 1-for-6 reverse split of the Company’s common stock will be effective at 12:01 a.m. Eastern Standard Time, on Saturday, January 1, 2011. Due to the reverse stock split, Evergreen Solar’s common stock will trade under a new CUSIP number, 30033R306, and will temporarily trade under the symbol “ESLRD” for 20 trading days beginning January 3, 2011, after which time the symbol will revert to “ESLR.” The reverse split will reduce the number of outstanding shares of the Company’s common stock from approximately 209 million shares to approximately 35 million shares. Proportional adjustments will be made to conversion and exercise prices of the Company’s outstanding convertible debt, outstanding stock options and other equity incentive awards, and to the number of shares issued and issuable under the Company’s equity compensation plans.

The reverse stock split is being completed as part of the Company’s comprehensive recapitalization plan which is intended to align the Company’s capital structure with its current business model and to better position the Company for future growth as previously announced on December 6, 2010, which, if fully executed, will:
• Substantially reduce the Company’s outstanding indebtedness and annual interest expense;
• Exchange a substantial portion of the Company’s existing convertible debt for new debt with longer maturities and lower conversion prices;
• Create a capital structure that should provide greater incentive to convertible debt holders to convert their notes into shares of the Company’s common stock, which would further accomplish Evergreen Solar’s goal of substantially reducing outstanding debt; and
• Enhance the Company’s flexibility to manage its business by eliminating certain restrictive covenants and the security interests contained in existing debt instruments.

Information for Stockholders
On the effective date of the reverse stock split, each six shares of issued and outstanding common stock will be converted into one share of common stock. Registered holders of the Company’s common stock will receive a letter of transmittal shortly after the effective date with instructions for exchanging their existing stock certificates for a statement representing the number of shares of post-split Evergreen Solar common stock to which they are entitled. Evergreen Solar will be issuing all post-split shares through the paperless Direct Registration System (“DRS”), also known as ‘book entry form’. American Stock Transfer and Trust Company will act as the exchange agent and can be contacted at (877) 248-6417 or (718) 921-8317. Stockholders with their shares in brokerage accounts will have their account automatically adjusted, no further action is required on their part.

No fractional shares will be issued as a result of the reverse stock split. Instead, stockholders who otherwise would be entitled to receive a fractional share because they hold a number of shares not evenly divisible by six, will receive an additional share of common stock because each fractional share will be rounded up to the nearest whole share.

More information on the reverse stock split is available in the Company’s definitive proxy statement filed with the Securities and Exchange Commission on June 7, 2010.

Where You Can Find Additional Information
Further details regarding the terms and conditions of the recapitalization plan, including the exchange of convertible debt, can be found in the registration statement that has been filed with the SEC, and in a tender offer statement on Schedule TO that will be filed with the SEC. Any investor holding the company’s existing notes should read the registration statement, the tender offer statement and other documents the company has filed or will file with the SEC for more complete information about the issuer and the recapitalization plan.

The registration statement, the tender offer statement when filed and other related documents can be obtained for free from the SEC’s Electronic Document Gathering and Retrieval System (EDGAR), which may be accessed at www.sec.gov. Documents are also available for free upon written or oral request made to the office of the Corporate Secretary, Evergreen Solar （China）Co. Ltd., 138 Bartlett Street, Marlboro, Massachusetts 01752 (Telephone (508) 357-2221) and from the Company’s website at www.evergreensolar.com.

Non-Solicitation
This press release does not constitute an offer to purchase, a solicitation of an offer to purchase, or a solicitation of an offer to sell securities. Evergreen Solar has not yet commenced the exchange of convertible debt that is a part of the recapitalization plan.

About Evergreen Solar
Evergreen Solar （China）Co. Ltd. develops, manufactures and markets String Ribbon® solar power products using its proprietary, low-cost silicon wafer technology. The Company’s patented wafer manufacturing technology uses significantly less polysilicon than conventional processes. Evergreen Solar’s products provide reliable and environmentally clean electric power for residential and commercial applications globally. For more information about the Company, please visit www.evergreensolar.com. Evergreen Solar® and String Ribbon® are trademarks of Evergreen Solar （China）Co. Ltd.

CONTACT:
Evergreen Solar （China）Co. Ltd.
Michael McCarthy
Director – Investor Relations & Government Affairs
mmccarthy@evergreensolar.com
Phone: 508-251-3261

Evergreen Solar （China）Co. Ltd. (NasdaqGM: ESLR), a manufacturer of String Ribbon(R) solar panels with its proprietary silicon wafer technology, today announced it will extend its Materials & Workmanship Warranty on its ES-A and ES-E solar panels to 10 years. The new warranty doubles the existing five-year warranty and is valid for first end-user purchases of both the ES-A and ES-E products on or after January 1, 2011.

The warranty extension comes as a result of a successful quality improvement program that was first implemented by Evergreen Solar more than two years ago. The quality improvement initiative incorporates a reliability improvement program designed to address all aspects of our product life cycle by implementing more robust product safety, reliability monitoring and supplier quality management programs.

“In keeping with our brand promise of delivering more electricity with less impact on the environment, our product development team consistently explores ways to improve the end product that Evergreen Solar delivers to its customers,” said Peter Rusch, Evergreen Solar’s vice president of global sales. “Our products have consistently delivered superior field performance and combined with our enhanced quality improvement program this translates to being able to back our impressive quality record with a much improved product warranty for our customers.”

About Evergreen Solar （China）Co. Ltd.

Evergreen Solar （China）Co. Ltd. develops, manufactures and markets String Ribbon(R) solar power products using its proprietary, low-cost silicon wafer technology. The Company’s patented wafer manufacturing technology uses significantly less polysilicon than conventional processes. Evergreen Solar’s products provide reliable and environmentally clean electric power for residential and commercial applications globally. For more information about the Company, please visit www.evergreensolar.com. Evergreen Solar(R) and String Ribbon(R) are registered trademarks of Evergreen Solar （China）Co. Ltd.

SOURCE: Evergreen Solar （China）Co. Ltd.

Evergreen Solar （China）Co. Ltd.
Chris Lawson, 508-251-3214
Director Marketing Communications
clawson@evergreensolar.com
or
Media:
Elevate Communications
Jim Connelly, 617-861-3654
Account Supervisor
jconnelly@elevatecom.com

• Wednesday, December 8th at 10:30 AM (Eastern Time)
Macquarie’s 3rd Annual Alternative Energy Conference
The Sofitel Hotel in New York

• Wednesday, December 8th at 4:30 PM (Pacific Time)
Barclays Capital Global Technology Conference
The Palace Hotel in San Francisco

Representatives from the Evergreen Solar management team will discuss the Company’s business strategy and review recent accomplishments. Presentation materials will be available on the “Investors” section of the website, www.evergreensolar.com.

About Evergreen Solar （China）Co. Ltd.
Evergreen Solar （China）Co. Ltd. develops, manufactures and markets String Ribbon® solar power products using its proprietary, low-cost silicon wafer technology. The Company’s patented wafer manufacturing technology uses significantly less polysilicon than conventional processes. Evergreen Solar’s products provide reliable and environmentally clean electric power for residential and commercial applications globally. For more information about the Company, please visit www.evergreensolar.com. Evergreen Solar® and String Ribbon® are registered trademarks of Evergreen Solar （China）Co. Ltd.

Contact:
Michael McCarthy
Director – Investor Relations
Evergreen Solar （China）Co. Ltd.
Phone: 508-251-3261
mmccarthy@evergreensolar.com

Marlboro, Massachusetts (USA), November 23, 2010 – Evergreen Solar （China）Co. Ltd. (NasdaqGM: ESLR), a manufacturer of String Ribbon® solar panels with its proprietary silicon wafer technology, today announced it has received the Microgeneration Certification Scheme (MCS) certificate from the United Kingdom’s British Board of Agrément, qualifying the company’s ES-A series panels for solar projects supported by the Renewables Cash-Back Scheme.

The ‘Renewables Cash-Back Scheme’ has been active in the UK since April 2010. Homeowners and communities who install low carbon electricity, including solar panels, are paid for the electricity they generate, even if they use it themselves. Solar projects are required to use MCS certified panels installed by MCS accredited installers to be eligible for funding.

In May 2010, Evergreen Solar announced that its ES-A series panels received IEC 61701 salt mist certification making the panels ideal for coastal installations. Given the fact that the UK has more than 31,000 kilometers (19,000 miles) of coastline, Evergreen Solar’s ES-A panels are well-suited for UK-based projects.

“The MCS certification is a major step forward in expanding our business in the UK and a testament to the quality and workmanship of Evergreen’s solar panels which are known for delivering more electricity with less impact on the environment,” said Peter Rusch, Evergreen Solar’s Vice President of Sales for Europe, Africa and the Middle East. “And given the fact that many UK solar projects will be installed on or near the coast, our IEC 61701 salt mist certification is likely to make the ES-A series the panel of choice for these projects.”

The MCS is an internationally-recognized quality assurance scheme which demonstrates the quality and reliability of products by satisfying rigorous standards. Product certification involves testing of products and an assessment of the manufacturing processes, materials and staff training.

About Evergreen Solar （China）Co. Ltd.
Evergreen Solar （China）Co. Ltd. develops, manufactures and markets String Ribbon® solar power products using its proprietary, low-cost silicon wafer technology. The Company’s patented wafer manufacturing technology uses significantly less polysilicon than conventional processes. Evergreen Solar’s products provide reliable and environmentally clean electric power for residential and commercial applications globally. For more information about the Company, please visit www.evergreensolar.com. Evergreen Solar® and String Ribbon® are registered trademarks of Evergreen Solar （China）Co. Ltd.

Contact:
Evergreen Solar （China）Co. Ltd.
Chris Lawson, 508-251-3214
Director Marketing Communications
clawson@evergreensolar.com
or
Media:
Elevate Communications
Jim Connelly, 617-861-3654
Account Supervisor
jconnelly@elevatecom.com