EXHIBIT 99.4
 EverQ GmbH, Thalheim
 Notes to the financial statements (Balance Sheet, Income Statement, Cash Flow Statement, Statement
of Changes in Equity) for the period from December 20, 2006 to December 31, 2006
 1 Organization and industry
   Up to Dec. 19, 2006
    
    from Dec. 20, 2006Evergreen
    
    
    64
    %
    
    
    33.33
    %Q-Cells
    
    
    21
    %
    
    
    33.33
    %REC
    
    
    15
    %
    
    
    33.33
    %
    
  2 Accounting principles




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2    
 2 Accounting and valuation methods




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3     3 Notes to the balance sheet
  
  
  
   




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4  Liabilities
    
    = < 1 year
    
    

    > 1 year =
    

    Total< 5 yearsk
    
    
    k
    
    
    kto banks
    
    
    2,000
    
    
    
    5,000
    
    
    
    7,000trade payables
    
    
    6,147
    
    
    
    0
    
    
    
    6,147to shareholders
    
    
    66,898
    
    
    
    9,000
    
    
    
    75,898others
    
    
    473
    
    
    
    0
    
    
    
    47375,518
    
    
    
    14,000
    
    
    
    89,518
 
  
 
  4 Other financial obligations
  = < 1 year
    
    
    > 1 year =
    
    
    > 5 years
    
    
    Total< 5 yearsk
    
    
    k
    
    
    k
    
    
    kLong-term material purchases
    
    
    96,065
    
    
    
    148,731
    
    
    
    123,666
    
    
    
    368,462Short-term purchases of raw materials
    
    
    21,834
    
    
    
    0
    
    
    
    0
    
    
    
    21.834Fixed assets
    
    
    66,674
    
    
    
    0
    
    
    
    0
    
    
    
    66.674Services
    
    
    79
    
    
    
    33
    
    
    
    0
    
    
    
    112Rental and leasing agreements
    
    
    16
    
    
    
    16
    
    
    
    0
    
    
    
    32184,668
    
    
    
    148,780
    
    
    
    123,666
    
    
    
    457,114thereof due to shareholders
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    346,628
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5 5 Sundry information
 Employees
  Managing Directors
 
 Supervisory Board
 Richard Feldt
    
    engineer
    
    CEO, EvergreenEric Sauer
    
    engineer
    
    CTO, RECAnton
Milner
    
    engineer
    
    CEO, Q-Cells




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6 6 U.S. GAAP Reconciliation
  Reconciliation of net income in accordance with German GAAP to net income in accordance with U.S.
GAAP
 kNet income in accordance with German GAAP
    
    
    
    
    
    
    1,190Reconciling entries
    
    NoteIncrease in depreciation due to reversal of impairment
loss on property, plant and equipment
    
    
    N 1
    
    
    
    -113Government grants related to the impaired assets
    
    
    N 2
    
    
    
    51Net income in accordance with U.S. GAAP
    
    
    
    
    
    
    1,128
 Reconciliation of equity in accordance with German GAAP to equity in accordance with U.S. GAAP
 kEquity in accordance with German GAAP
    
    
    
    
    
    
    66,468Reconciling entries
    
    NoteReversal of impairment loss on property, plant and equipment
    
    
    N 1
    
    
    
    680Government grants related to the impaired assets
    
    
    N 2
    
    
    
    -303Deferred bank charges
    
    
    N 3
    
    
    
    46Equity in accordance with U.S. GAAP
    
    
    
    
    
    
    66,891




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7 Note N 1  Reversal of impairment loss on property, plant and equipment
  
     
 Note N 2  Government grants related to the impaired assets




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8   
 Note N 3  Deferred bank charges
      
 Deferred taxes
  
 
  I.
    
    Reversal of impairment loss on property, plant and equipment (see N 1 above) of
k 680,II.
    
    Government grants related to the impaired assets (see N 2 above) of k -303,
andIII.
    
    Deferred bank charges (see N 3 above) of k 46.
 




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9 
 U.S. GAAP accounting pronouncements issued but yet not adopted
       Rainer Mohr
    
    Gottfried Marhan




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German GAAP Statement of Changes in Equity  for the period from December 20, 2006 to December 31, 2006
 AccumulatedSubscribed
    
    
    Additional paid in
    
    
    losses brought
    
    
    Net income for theCapital
    
    
    capital
    
    
    forward
    
    
    period
    
    
    Total
    
    
    
    
    
    
    
    Balance as of December 20, 2006
    
    
    250.000,00
    
    
    
    29.750.000,00
    
    
    
    -6.259.611,88
    
    
    
    
    
    
    
    23.740.388,12Capital increases
    
    
    230.000,00
    
    
    
    41.307.768,05
    
    
    
    
    
    
    
    
    
    
    
    41.537.768,05Net income of the period
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    1.190.337,21
    
    
    
    1.190.337,21Balance as of December 31, 2006
    
    
    480.000,00
    
    
    
    71.057.768,05
    
    
    
    -6.259.611,88
    
    
    
    1.190.337,21
    
    
    
    66.468.493,38
 1




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German GAAP Fixed Assets Movement Schedule
for the period from December 20, 2006 to December 31, 2006
 Historical Cost
    
    Accumulated depreciation
    

Carrying valueBalance as of the
    
    
    
    
    
    
    
    
    
    
    
    
    
    Balance as of the
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    Balance as of thebeginning of the
    
    
    
    
    
    
    
    
    
    Balance as of the
    
    beginning of the
    
    
    
    
    
    
    
    
    
    Balance as of the
    
    Balance as of the
    
    beginning of theperiod
    
    
    
    
    
    
    
    
    
    end of the period
    
    period
    
    
    
    
    
    
    
    
    
    end of the period
    
    end of the period
    
    periodDecember 20,
    
    
    
    
    
    Disposals/
    
    December 31,
    
    December 20,
    
    Depreciation of
    
    Disposals/
    
    December 31,
    
    December 31,
    
    December 20,2006
    
    Additions
    
    Retirements
    
    2006
    
    2006
    
    the period
    
    Retirements
    
    2006
    
    2006
    
    2006
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    I.
Intangible assets 1. Software
    
    
    321.201,61
    
    
    
    0,00
    
    
    
    0,00
    
    
    
    321.201,61
    
    
    
    32.841,07
    
    
    
    2.978,14
    
    
    
    0,00
    
    
    
    35.819,21
    
    
    
    285.382,40
    
    
    
    288.360,542. Prepayments
    
    
    362.899,57
    
    
    
    0,00
    
    
    
    0,00
    
    
    
    362.899,57
    
    
    
    0,00
    
    
    
    0,00
    
    
    
    0,00
    
    
    
    0,00
    
    
    
    362.899,57
    
    
    
    362.899,57684.101,18
    
    
    
    0,00
    
    
    
    0,00
    
    
    
    684.101,18
    
    
    
    32.841,07
    
    
    
    2.978,14
    
    
    
    0,00
    
    
    
    35,819,21
    
    
    
    648.281,97
    
    
    
    651.260,11II. Property, plant and equipment1. Land
    
    
    2.072.433,08
    
    
    
    0,00
    
    
    
    0,00
    
    
    
    2.072.433,08
    
    
    
    0,00
    
    
    
    0,00
    
    
    
    0,00
    
    
    
    0,00
    
    
    
    2.072.433,08
    
    
    
    2.072.433,082. Buildings
    
    
    13.398.677,06
    
    
    
    0,00
    
    
    
    0,00
    
    
    
    13.398.677,06
    
    
    
    257.111,74
    
    
    
    13.568,61
    
    
    
    0,00
    
    
    
    270.680,35
    
    
    
    13.127.996,71
    
    
    
    13.141.565,323. Technical Equipment and Machinery
    
    
    47.657.666,25
    
    
    
    0,00
    
    
    
    0,00
    
    
    
    47.657.666,25
    
    
    
    3.428.388,39
    
    
    
    198.583,35
    
    
    
    0,00
    
    
    
    3.626.971,74
    
    
    
    44.030.694,51
    
    
    
    44.229.277,864. Other plant, factory and office equipment
    
    
    1.682.302,45
    
    
    
    6.841,58
    
    
    
    -6.841,58
    
    
    
    1.682.302,45
    
    
    
    252.691,00
    
    
    
    16.634,25
    
    
    
    -6.841,58
    
    
    
    262.483,67
    
    
    
    1.419.818,78
    
    
    
    1.429.611,455. Assets under construction and prepayments
    
    
    38.314.313,81
    
    
    
    4.540.236,08
    
    
    
    0,00
    
    
    
    42.854.549,89
    
    
    
    0,00
    
    
    
    0,00
    
    
    
    0,00
    
    
    
    0,00
    
    
    
    42.854.549,89
    
    
    
    38.314.313,81103.125.392,65
    
    
    
    4.547.077,66
    
    
    
    -6.841,58
    
    
    
    107.665.628,73
    
    
    
    3.938.191,13
    
    
    
    228.786,21
    
    
    
    -6.841,58
    
    
    
    4.160,135,76
    
    
    
    103.505.492,97
    
    
    
    99.187.201,52103.809.493,83
    
    
    
    4.547.077,66
    
    
    
    -6.841,58
    
    
    
    108.349.729,91
    
    
    
    3.971.032,20
    
    
    
    231.764,35
    
    
    
    -6.841,58
    
    
    
    4.195.954,97
    
    
    
    104.153.774,94
    
    
    
    99.838.461,63