Increase Text Size
Decrease Text Size
Email This Story
Share This Story
Reader Comments (1)
Add to Bookmarks
Printer Friendly Version
Solarfun Power Holdings Co., Ltd. announced the signing of three contracts with a major Korean conglomerate for sale and delivery of wafers totaling $230 million over a seven year period. Delivery will begin in 2008.
"This contract will be a key factor towards fulfilling our immediate expansion goals of 360 MW in production capacity by mid-2008 and allows us to explore OEM as a possible addition to our business model."
--Lu Yonghua, Chairman, Solarfun
According to the agreements, Solarfun will receive a predetermined amount of wafers beginning in January 2008 with volumes reaching over 30 MW per year in 2011. The prices will be fixed with a declining price structure throughout the term of the contract. Additionally, the Korean firm will hold options to purchase back a certain percentage of the wafers as modules beginning in 2009.
"We are pleased to develop a long term partnership with a proven player and look forward to growing our relationship with them in many areas," said Lu Yonghua, chairman of Solarfun. "This contract will be a key factor towards fulfilling our immediate expansion goals of 360 MW in production capacity by mid-2008 and allows us to explore OEM as a possible addition to our business model."
Previous Article
Congratulation Solarfun!!
Add Your Comment
Registered users, please make sure to Sign-In. We and others want to know your ideas and opinions. If you are not yet Registered -- it's quick and easy. Just click below.
Thanks!