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DEVENS — Evergreen Solar, which opened its giant photovoltaic panels manufacturing plant last year with $23 millions in state grants, is moving the panel assembly jobs there to China.

In its press release regarding the third quarter result on Wednesday, Evergreen Solar announced that the company will begin shifting Devens-based panel assembly to China in mid-2010. Panel prices have fallen by more than 30 percent since mid-2008, forcing manufacturers to do what they can to keep cost down, said Richard Feldt, the chairman, CEO and president of Evergreen, in the statement.

“Until we begin this transition, we expect to produce approximately 30 to 35 megawatts each quarter at our Devens facility,” Feldt said. “After the transition is complete, we will continue to produce wafers and cells at our Devens facility and may increase capacity if market demand warrants.”

“Governor Patrick and I are disappointed by Evergreen Solar’s decision to begin moving the final panel assembly component of their business to China,” Ian Bowles, state Energy and Environmental Affairs secretary, said in a statement. “In just two short years, Evergreen Solar has become a significant employer in Massachusetts and we will work hard to make sure the company protects the maximum number of jobs in our state.”