SHANGHAI, Oct. 11 /PRNewswire/ -- Solarfun Power Holdings
Co., Ltd. ("Solarfun" or the "Company") (Nasdaq: SOLF), a
vertically integrated manufacturer of silicon ingots, wafers and
photovoltaic ("PV") cells and modules in China, today announced that Jiangsu Linyang
Solar Power Electronic Engineering Co., Ltd. ("Jiangsu Linyang"), a
wholly owned subsidiary of Solarfun, has entered into an
engineering, procurement and construction ("EPC") contract with
Guangdong Guohua New Energy Investment Co., Ltd. ("Guohua New
Energy"). According to the terms of the contract, Jiangsu
Linyang will be responsible for designing, engineering and
constructing an 8.1 MW PV power plant in Heyuan City, Guangdong Province. Jiangsu Linyang will also
supply the PV modules to be used in this project.
This solar power project, subsidized by the national
Golden Sun program, will be owned by
Guohua New Energy, a Heyuan-based company founded in September,
2009. This project is expected to become operational by
December 30, 2010. When completed,
the plant is expected to cover a total area of approximately 30
hectares (74.1 acres) and generate approximately 8.1 MWh of
electricity per year.
Dr. Ping Peter Xie, Chief
Executive Officer and President of Solarfun, commented, "We are
excited to have been selected for this important project. It
is the largest EPC project for Solarfun in China and should help position us well for
further growth from other similar projects in the future. This
project builds on our prior project experience in China. Our
first project dates back to 2007 when one of our subsidiaries
completed the very first 1 MW grid-connected project in
China on Chongming Island. Through our
subsidiaries, we also supplied BIPV modules to Olympic Park in
Beijing in 2008 and delivered 10.2
MW of PV modules to China Xuzhou Xiexin Generation Stations in
2009. More recently, we were particularly proud to supply
rooftop PV modules to the French and Hamburg, Germany Pavilions at the Shanghai
World Expo 2010. China will
be an important market for PV projects in the future and we fully
intend to devote the necessary resources to this growing
region."
About Solarfun
Solarfun Power Holdings Ltd. (NASDAQ: SOLF) is a leading
manufacturer of solar PV cells and modules in China, focusing on delivering high quality and
reliable products at competitive prices. Solarfun produces its
monocrystalline and polycrystalline products at its internationally
certified, vertically-integrated manufacturing facilities. Solarfun
partners with third-party distributors, OEM manufacturers, and
system integrators to sell its modules into large-scale utility,
commercial and governmental, and residential/small commercial
markets. Solarfun maintains a strong global presence with local
staff throughout Europe,
North America, and Asia. Solarfun embraces environmental
responsibility and sustainability by taking an active role in the
photovoltaic cycle voluntary recycling program. For more
information, visit: www.solarfun-power.com.
SOLF-G
SAFE HARBOR STATEMENT
This press release 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. Forward-looking statements involve inherent risks and
uncertainties and actual results may differ materially from such
estimates depending on future events and other changes in business
climate and market conditions. Solarfun disclaims any obligation to
update or correct any forward-looking statements.
For further information, please contact:
Solarfun Power
Holdings Co., Ltd.
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Investor Contact:
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Paul Combs
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V.P. Strategic Planning
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Building 1, 18th
Floor
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1199 Minsheng Road, Shanghai,
PRC 200135
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P. R. China
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Tel: 86-21-3852 1533 / Mobile: 86
138 1612 2768
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E-mail:
paul.combs@solarfun-power.com
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Media Contact:
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Fancy Li
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Senior Marketing Manager, Global
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E-mail: fancy.li@solarfun-power.com
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Christensen
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Kathy Li
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Tel: +1 480 614 3036
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E-mail: kli@ChristensenIR.com
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Tip Fleming
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Tel: +852 9212 0684
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E-mail:
tfleming@ChristensenIR.com
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SOURCE Solarfun Power Holdings Co., Ltd.
Copyright . 11 PR Newswire