SHANGHAI, May 12 /PRNewswire-FirstCall/ -- Solarfun Power
Holdings Co., Ltd. ( "Solarfun" or the "Company" ) (Nasdaq: SOLF),
a vertically integrated manufacturer of silicon ingots and wafers,
and photovoltaic ("PV") cells and modules in China, today announced that due to demand from
customers for the second half of 2010, the Company plans to
increase module capacity to 900 MW by August
2010. Additionally, the Company purchased a cell line from
Semiconductor Manufacturing International Corporation ("SMIC"),
which would increase the Company's cell capacity to over 500 MW by
July 1, 2010.
The Company has already reached its previously announced module
capacity target of 700 MW, and plans to further expand module
capacity to 900 MW by August 2010.
Solarfun also recently acquired a cell production line with an
annual capacity of 25MW from SMIC, which will begin operations in
May 2010. Including the
previously announced cell capacity expansion plan of 120 MW, the
Company will have a total cell capacity exceeding 500 MW by
July 1, 2010.
Peter Xie, President of Solarfun,
commented, "We expect the strong demand for our products in the
first half of 2010 to carry over into the second half of the year.
We plan to expand our module capacity above previously announced
plan to meet anticipated demand. Also, market conditions have
increased the need for internally-produced cells, and our
acquisition of cell production line from SMIC will enable us to
expand cell capacity more rapidly than under the originally planned
equipment purchase timeframe."
About Solarfun
Solarfun manufactures both PV cells and PV modules, provides PV
module processing services to convert PV cells into PV modules, and
supplies solar system integration services in China. Solarfun produces both monocrystalline
and multicrystalline silicon cells and modules. Solarfun sells its
products through third-party distributors, OEM manufacturers and
directly to system integrators. Solarfun was founded in 2004 and
its products have been certified to TUV and UL safety and quality
standards. SOLF-G
For further information, please contact:
Solarfun Power
Holdings Co., Ltd.
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Paul
Combs
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V.P.
Strategic Planning
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26F BM
Tower
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218
Wusong Road
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Shanghai, 200080
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P. R.
China
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Tel:
86-21-26022833 / Mobile: 86 138 1612 2768
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E-mail:
IR@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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Roger
Hu
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Tel:
+86 158 1049
5326
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E-mail:
rhu@ChristensenIR.com
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SOURCE Solarfun Power Holdings Co., Ltd.