SHANGHAI, July 27 /PRNewswire-FirstCall/ -- 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 it has entered into two
contracts to supply 12MW PV modules to projects in Italy. The first contract was signed
with GranSolarGhella, SrL to supply 6MW PV modules to southern
Italy, to be delivered in the
second half of 2010. The second contract was signed with
T.R.Z. Tozzi Renewable Energy S.p.A. to supply 6MW PV modules to
central Italy, to be delivered
during the third quarter of 2010.
Dr. Peter Xie, President of
Solarfun, commented, "We are pleased to have expanded our business
in many major solar markets and have become one of the leading
module suppliers in the industry. Our products are known for
their high quality and reliability, and our customer service is
first-class. In 2010, we have further diversified our customer base
by successfully penetrating into Italy, France
and the United States markets
through winning projects."
"Italy is the third largest
solar power generation market in Europe and we're excited to have already begun
a number of installations in the country," said Andreas Liebheit, VP and Managing Director
Europe, Middle East and
Africa, Solarfun. "We continue
winning new customers outside of Germany, entering into new markets through
satisfied customer service, innovative technology and reliable
quality."
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
About GranSolarGhella
Ghella history begins at the end of the 19th century when its
founder, Adolfo Ghella, decided to
export abroad the know-how acquired in tunnel building over the
years. Today Ghella Group is one of the leading companies in the
construction field, above all in the realization of railways,
undergrounds, roads, aqueducts and energy production plants. Its
main projects have been constructed in Italy and in Latin
America. Ghella Group also builds and manages important
hydroelectric plants. The company has completed plants like La
Joya(50MW ) and Los Negros (17MW) in Costa Rica and Rio Hondo(32MW) in Guatemala.
Gransolar is today a reliable international partner in all the
critical construction phases of a photovoltaic plant, from the
design to the realization and production testing.
The merger of synergies characterized by the willing to succeed
and entrepreneurial ability led to the creation of GranSolarGhella
which today offers complete solution in the photovoltaic field.
GranSolarGhella offers its services to public and private
organizations both as partner and main player in all the activities
related to the construction of turn-key systems.
http://www.gransolarghella.com
About Tozzi Renewable Energy (TRE)
Tozzi works in the field of energy production, particularly from
renewable energy sources. Their mission is to achieve levels
of excellence in all phases of renewable energy sector, satisfying
the needs of customers, ensuring the right shareholder approval and
respecting friendly environment in which it operates. Tozzi
launched a challenging three-year business plan 2008-2010 to
confirm the success of previous years and pursue future growth in
core business: increase its production capacity in Italy, develop capacity using biomass design
and produce micro and mini wind turbines and fuel-cell package.
http://www.tre-energia.com/
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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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: 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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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.