Solarfun and Meridian Neue Energien GmbH Sign PV Modules Supply Agreement
October 20 2009 - 5:46AM
PR Newswire (US)
-- Contract signed for 5MW of residential projects in Germany--
SHANGHAI, Oct. 20 /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 is has signed a
contract to deliver five megawatts ("MW") of PV modules to Meridian
Neue Energien GmbH, a leading new energy project developer in
Germany. The PV modules will be applied to six roof top projects,
which are expected to be completed and grid connected in December
2009. Henry Bolz, Managing Director of Meridian Neue Energien,
commented, "European, and in particular German, companies active in
the PV market insist on extremely high quality production standards
from their suppliers. Solarfun has demonstrated that it is more
than capable of living up to these expectations. They have built a
strong track record over the years and we are certain that their
25-year PV module limited warranty will support our anticipated
power output and forecasted investment returns. As owner and
operator of large PV projects, we insist on comprehensive tests and
quality controls. We have found that these can only be passed by
manufacturers with a long history in the market, and we certainly
believe that Solarfun meets the level of excellence that we
expect." Peter Xie, President of Solarfun, added, "We are pleased
to sign this agreement with such a reputable and well established
company. Meridian Neue Energien has stringent standards for the PV
modules that they use and we are happy that they selected us for
this project." This Report on Form 6-K is hereby incorporated by
reference into Solarfun'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 About Meridian Neue
Energien GmbH Since 1996, meridian Neue Energien GmbH uses its
know-how for the installation of a sustainable energy supply.
Therefore the company group develops, realizes and operates
indicatory projects for the generation and the utilization of
renewable energies. In the center of the business activities are
wind power and especially big photovoltaic roof top installations
in Germany, France, Italy and Czech Republic. The meridian company
group covers the entire value chain of the realization of the
projects, starting from the acquisition of the locations and the
project development up to planning of the projects and the
realization. The corporate objective is to hold the projects in the
company group and to develop an energy supplier of renewable
energies. SAFE HARBOR STATEMENT This announcement contains
forward-looking statements. These statements constitute
"forward-looking" statements within the meaning of Section 27A of
the Securities Act of 1933, as amended, and Section 21E of the
Securities Exchange Act of 1934, as amended, and as defined in the
U.S. Private Securities Litigation Reform Act of 1995. These
forward-looking statements can be identified by terminology such as
"will," "expects," "anticipates," "future," "intends," "plans,"
"believes," "estimates" and similar statements. Such statements
involve certain risks and uncertainties that could cause actual
results to differ materially from those in the forward-looking
statements. Further information regarding these and other risks is
included in the Company's filings with the U.S. Securities and
Exchange Commission. Solarfun does not undertake any obligation to
update any forward-looking statement, except as required under
applicable law. For further information, please contact: meridian
Neue Energien GmbH Herr Wolfgang Schwarz Schutzenstrasse 2 98527
Suhl Deutschland Telefon: +49 3681 45565 0 Fax: +49 3681 45565 90
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: Herr
Wolfgang Schwarz, meridian Neue Energien GmbH, +49 3681 45565 0,
fax, +49 3681 45565 90; 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
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