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Wuhan Donghu New Technology
Development Zone Management Committee
Jiawei Solar (Wuhan) Co.,
Ltd.
Solar Project Investment
Co-operation Framework Agreement
The First
Party: Wuhan East Lake Hi-Tech Development Zone
Management Committee
Address : No. 546, Luoyu Rd.,
Wuhan
Post code : 430079
The Second Party : Jiawei Solar (Wuhan) Co.,
Ltd.
Address : No. 3, Road No. 1 Liufang
Dongyi Industrial Park, Donghu Gaoxin District, Wuhan
The Third
Party : Evergreen Solar Inc.
Address : 138
Bartlett Street, Marlboro, MA, USA
In perspective
of mutual benefits, after friendly discussion the First,
Second,
and Third parties reached a consensus to co-operate 500MW solar
project,(including solar wafer, cell and module, hereinafter called
“The Project”) in theWuhan East Lake Hi-tech
Development Zone (hereinafter called “TheDevelopment
Zone”) in Wuhan, the People Republic of China. The
threeparties agree to reach an agreement of the following
terms:-
1.1 Project
Name. Jiawei-EG solar
wafer, cell &modules production lines project
1.2
Construction content. Build 500 MW solar project production lines
(including solar wafer, solar cell and module) in the Development
Zone.
Privileged
& Confidential
1.3
Construction Cycle. The
project will be executed in 2 phases. Phase 1: Build 100MW solar
project production lines (including solar wafer, cell and module),
invest and construct in the Second Party’s existing campus,
complete and ramp up production by the end of 2009. Phase 2. Build
400MW solar project production lines, (including solar wafer, cell
and module), launch in the 1st quarter of 2010, complete and ramp
up production in 3 years.
1.4 Project
Total Investment. The
project total investment is approximately US$450M. Investment of
project Phase 1 is approximately US$100M. (The Second Party invests
approximately US$50M; The Third Party invests approximately
US$50M). The investment of pr
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