Solarfun Signs Letter of Intent With Hohhot City Government for PV Projects of 600MW
September 08 2009 - 4:52AM
PR Newswire (US)
SHANGHAI, Sept. 8 /PRNewswire-FirstCall/ -- Solarfun Power Holdings
Co., Ltd. ("Solarfun" or "the Company") (NASDAQ:SOLF), a vertically
integrated manufacturer of silicon ingots and photovoltaic (PV)
cells and modules in China, today announced that Jiangsu Linyang
Solarfun Co., Ltd., a wholly owned subsidiary of Solarfun, has
signed a letter of intent with the government of Hohhot City, the
capital city of the Inner Mongolia Autonomous Region in China, to
develop two solar projects with an aggregate capacity of 600MW. In
support of these two projects, Solarfun also intends to construct a
100MW PV module production facility. Vice Mayor of Hohhot City, Wu
Wenyuan, commented, "Hohhot City has a number of advantages in
developing PV projects, including abundant sunshine and national
support. After discussing with and inspecting a number of major PV
manufactures in China, we selected Solarfun as a major supplier for
these projects. We are excited to partner with Solarfun." Peter
Xie, President of Solarfun, commented, "We are pleased to have
signed this strategic agreement with the government of Hohhot City.
This agreement demonstrates our solid market position in China and
our commitment to the development of China's PV market. Hohhot City
has been approved to be one of the pioneer cities for using PV
systems by the National Development and Reform Commission and it is
a key junction that connects to the North China grid. Hohhot City
currently has the largest wind power generation capacity in China
and is generally known for its extensive sunshine and commitment to
renewable energy projects. We are delighted to supply Hohhot City
with our high quality products and expect to further grow our
business by taking advantage of the opportunities presented by the
new PV incentive policies in China." This project is subject to
feasibility studies, financing and further government approval.
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
http://www.solarfun-power.com/. 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: 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, Solarfun Power
Holdings Co., Ltd., 86-21-26022833, Mobile: 86 138 1612 2768, ;
Kathy Li, +1-480-614-3036, , Roger Hu, 852 2117 0861, , both of
Christensen Web Site: http://www.solarfun-power.com/
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