Solarfun Awarded Three PV Module Contracts Totalling 12.65 MW in China
11 January 2010 - 10:25PM
PR Newswire (US)
SHANGHAI, Jan. 11 /PRNewswire-FirstCall/ -- Solarfun Power Holdings
Co., Ltd. ("Solarfun" or "the Company") (NASDAQ:SOLF), a vertically
integrated manufacturer of silicon ingots and photovoltaic, or PV,
cells and modules in China, today announced that Jiangsu Linyang
Solarfun Co., Ltd., a wholly owned subsidiary of Solarfun, has
entered into three contracts to supply 12.65 MW PV modules to
projects in China. The first contract was with Xuzhou Xie Xin PV
Power Co., Ltd. to supply 10 MW PV modules for a project based in
Xuzhou City, Jiangsu Province. These modules were delivered during
the fourth quarter of 2009. The other two contracts totaling 2.65
MW are for a government funded project in Anhui Province. Solarfun
was one of four companies that won the bid to participate in the 15
MW project funded by Anhui Province. The modules are expected to be
delivered during 2010. The project is subject to further government
approval and financing. Certain commercial terms of the contracts
are subject to further negotiation and adjustment. Peter Xie,
President of Solarfun, commented, "We are pleased to be one of the
participants in the development of solar projects in Anhui Province
and Jiangsu Province. We continue to believe that renewable energy
such as solar power will play a significant role in China's efforts
to meet the growing needs for electricity, and as a means to
address climate change." This report on Form 6-K is hereby
incorporated by reference into the Company's Registration Statement
on Form F-3 ( Registration No. 333-152005) filed on July 14,2008.
About Solarfun Solarfun Power Holdings Co., Ltd. manufactures
ingots, PV cells and PV modules, and provides PV module processing
services to convert PV cells into PV modules. Solarfun produces
both monocrystalline and multicrystalline silicon cells and
modules. Solarfun sells its products both through third-party
distributors, OEM manufacturers and directly to system integrators.
Solarfun was founded in 2004 and its products have been certified
to meet TUV and UL safety and quality standards. SOLF-G For further
information, please contact: Solarfun Power Holdings Co., Ltd. Paul
Combs V.P. Strategic Planning 26F BM Tower 218 Wusong Road
Shanghai, 200080 P. R. China Tel: 86-21-26022833 / Mobile: 86 138
1612 2768 E-mail: Christensen Kathy Li Tel: +1 480 614 3036 E-mail:
Roger Hu Tel: 852 2117 0861 E-mail: DATASOURCE: Solarfun Power
Holdings Co., Ltd. CONTACT: Paul Combs, V.P. Strategic Planning of
Solarfun Power Holdings Co., Ltd., 86-21-26022833, Mobile, 86 138
1612 2768, ; or Kathy Li, +1-480-614-3036, , or Roger Hu, 852 2117
0861, , both of Christensen, for of Solarfun Power Holdings Co.,
Ltd.
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