Solarfun Power Holdings Co., Ltd. (NASDAQ: SOLF), a manufacturer of photovoltaic (PV) cells, modules and ingots in China, today announced that one of its subsidiaries has entered into a 47-megawatts (MW) sales contract with Schüco International KG, a PV-system provider in Europe.
Under the terms of the agreement, Solarfun has agreed to supply a total of 47 MW of PV modules to Schüco at a fixed price to be delivered according to a binding delivery schedule from December 2008 to October 2009. The PV modules are intended to be installed in major projects in south-east Europe and the Middle-East.
Harold Hoskens, CEO of Solarfun, commented, "This is our largest project contract to date and we are happy to have signed it with Schüco. We are also particularly happy to partner on this project since it gives us the opportunity to diversify our business outside of the more established markets in Europe and introduce our PV modules in significant quantities to south-east Europe and the Middle East, which we believe will be key markets for solar energy in the near future."
About Solarfun
Solarfun Power Holdings Co., Ltd. manufactures ingots and PV cells and modules in China. The Company produces both monocrystalline and multicrystalline silicon cells and modules, and manufactures 100% of its modules with in-house produced PV cells. The Company sells its products both through third-party distributors and directly to system integrators. The Company was founded in 2004 and its products have been certified to TUV and UL safety and quality standards.
Loading...