Solarfun Signs Long Term Agreement to Supply Photovoltaic Modules to Ecostream
Shanghai, China, April 18, 2007
Source: BusinessWire
http://home.businesswire.com/
http://home.businesswire.com/portal/site/home/index.jsp?front_door=true
Solarfun Power Holdings Co., Ltd. (NASDAQ:SOLF), a leading manufacturer of photovoltaic (PV) cells and modules in China, and Ecostream, a leading renewable energy system integrator based in the Netherlands, are pleased to announce a supply framework agreement in which Ecostream has indicated its intention to procure 182MW of photovoltaic modules from Solarfun between 2007 – 2010. As a part of this agreement, Ecostream has committed to purchase 12MW of photovoltaic modules from Solarfun in 2007.
Solarfun Chairman and CEO Yonghua Lu commented, “This framework agreement represents a significant step in expanding our sales volume to European countries. Ecostream is a leading renewable energy solution provider with a significant market share in the solar energy sector in Europe. We are happy to be collaborating with such a reputable company and look forward to developing specific product features that will effectively fulfill the needs of Ecostream’s customers in Europe.”
Steven Pleging, CEO of Ecostream International added, “We are pleased to choose Solarfun as a premium supplier of solar modules. We believe that this collaboration will help strengthen the leading positions of both companies in the current competitive solar market. In particular, Solarfun’s technology and manufacturing expertise will help us provide high quality modules at a competitive price to our end customers”.
About Solarfun
Solarfun Power Holdings Co, Ltd. manufactures both PV cells and PV modules, provides PV cell processing services to convert silicon wafers into PV cells, and supplies solar system integration services 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. Solarfun 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