Solarfun To Supply 47 MW of PV to Schuco

Solarfun Power Holdings Co Ltd, Chinese manufacturer of photovoltaic (PV) cells, modules and ingots announced that one of its wholly owned subsidiaries has entered into a 47-megawatt (MW) sales contract with Schuco International KG, a European PV system provider.

The agreement states that Solarfun will supply 47 MW of PV modules to Schüco at a fixed price and with binding delivery schedule that runs from December 2008 through October 2009. The PV modules are to be installed in major projects in southeast of Europe and the Middle East.

Harold Hoskens, CEO of Solarfun, said, “We are also particularly happy to partner on this project since it gives us the opportunity to diversify our business outside of the more established markets in Europe and introduce our PV modules in significant quantities to south-east Europe and the Middle East, which we believe will be key markets for solar energy in the near future.”

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