Richard M. Feldt, President and Chief Executive Officer of Evergreen Solar, stated, "We are delighted to extend our ten-year- old relationship with Silicon Valley Bank as a trusted financial advisor to encompass this line of credit. Silicon Valley Bank is well known for partnering with innovative growth technology companies. The Bank has over 20 years of experience in the sector, offering resources and customized financial solutions to companies as they move towards fulfilling their strategic goals. We expect that the available funds will leverage our String Ribbon(TM) technology to accelerate our growth in the booming solar market."

Richard G. Chleboski, Vice President and Chief Financial Officer of Evergreen Solar, commented, "The credit line adds to our financial flexibility and capacity at a pivotal time in Evergreen's growth and technological evolution. We believe that Silicon Valley Bank has the capacity and experience to understand Evergreen's strategy, and the facility reflects their commitment to supporting our growth."

About Silicon Valley Bank

Silicon Valley Bank provides diversified financial services to emerging growth and mature companies in the technology, life sciences and private equity markets, as well as the premium wine industry. Through its focus on specialized markets and extensive knowledge of the people and business issues driving them, Silicon Valley Bank provides a level of service and partnership that measurably impacts its clients' success. Founded in 1983 and headquartered in Santa Clara, California, the company serves more than 9,500 clients across the country through 26 regional offices. More information on the company can be found at http://www.svb.com.

About Evergreen Solar, Inc.

Evergreen Solar, Inc. (Nasdaq: ESLR) develops, manufactures, and markets solar power products utilizing the Company's patented low- cost manufacturing technologies. The products provide reliable and environmentally clean electric power in global markets. Solar power applications include wireless power for remote homes, water pumping, lighting, and rural electrification, as well as complete power systems for electric utility customers choosing to generate their own environmentally benign power. For more information visit http:/ /www.evergreensolar.com.

Evergreen Solar(R) is a registered trademark and String Ribbon(TM) is a trademark of Evergreen Solar, Inc.

This press release contains forward-looking statements made pursuant to the safe harbor provisions of Section 21E of the Securities Exchange Act of 1934. The Company cautions you that any statements contained in this press release which are not strictly historical statements constitute forward- looking statements. Such statements include, but are not limited to, statements reflecting management's expectations regarding the timing, cost, and success of the Company's current and future manufacturing scale-up and production; future financial performance; the Company's technology and product development, cost, and performance; the Company's current and future strategic relationships and future market opportunities; and the Company's other business and technology strategies and objectives.

These statements may be identified with such words as "we expect," "we believe," "we anticipate," or similar indications of future expectations. These statements are neither promises nor guarantees, and involve risks and uncertainties that could cause actual results to differ materially from such forward- looking statements. Such risks and uncertainties include, among other things, the following factors: the Company's business and results of operations could be materially impaired as a result of poor manufacturing or product performance or higher costs attributable to the expansion or operation of manufacturing facilities; the market for solar power products is emerging and rapidly developing, and market demand for solar power products such as the Company's products is uncertain; the Company has limited experience manufacturing large volumes of solar power products on a commercial basis at acceptable costs, which it will need to do in order to be successful; the Company faces intense competition from other companies producing solar power and other distributed energy generation products; the Company sells via a small number of reseller partners, and the Company's relationships with current or prospective marketing or strategic partners may be affected by adverse developments in the Company's business, the partner's business, competitive factors, solar power market conditions, or financial market conditions; the Company depends on single source suppliers for specialized materials, including silicon, necessary to manufacture its products and the market for products such as the Company's solar power products is heavily influenced by federal, state, local, and foreign government regulations and policies, as well as the availability and size of government subsidies and economic incentives, over which the Company has little control.

In addition to the foregoing factors, the other economic, competitive, governmental, technological, and other risk factors identified in the Company's filings with the Securities and Exchange Commission -- including the Company's Annual Report on Form 10-K for the fiscal year ended December 31, 2003, filed on March 23, 2004, and Quarterly Report on Form 10-Q for the quarter ended June 30, 2004, filed on August 13, 2004 (a copy of which may be obtained at the SEC's web site at: http://www.sec.gov) -- could impact the forward-looking statements contained in this press release. Readers should not place undue reliance on any such forward-looking statements, which speak only as of the date they are made.

The Company disclaims any obligation to publicly update or revise any such statements to reflect any change in Company expectations, or in events, conditions, or circumstances on which any such statements may be based, or that may affect the likelihood that actual results will differ from those set forth in the forward-looking statements.

Contacts:

William Kanzer

Director, Marketing Communications

Evergreen Solar, Inc.

508-357-2221 x706

marketing@evergreensolar.com

Media:

Marc Mombourquette

Public Relations Manager Commonwealth Creative Associates

508-620-6664

marcm@commcreative.com

Investors/Analysts:

David Pasquale or

Andrew Rodriguez

The Ruth Group

646-536-7006/7032

dpasquale@theruthgroup.com SOURCE Evergreen Solar, Inc.