Sovello , which was initially known as everQ, was launched as a joint venture in 2004, with Germany’s Q-Cells holding a 24.9% stake and US-based Evergreen Solar holding 75.1%.
A year later both firms lowered their stakes to allow Norway’s Renewable Energy Corporation (REC) to buy a 15% slice.
In June 2006 the EU granted Sovello a bonus intended for small and medium enterprises (SMEs) to build its first production line for polysilicon wafers, cells and modules near Q-Cells’ headquarters in Thalheim, Saxony-Anhalt.
