Archive for the ‘Solarfun Power Holdings Co. Ltd. SOLF’ Category

Solarfun Power Holdings Co., Ltd. (SOLF) Announces LOI for PV Projects of 600MW

Tuesday, September 8th, 2009

Solarfun Power Holdings Co., Ltd., a vertically integrated manufacturer of silicon ingots and photovoltaic (PV) cells and modules in China, announced that Jiangsu Linyang Solarfun Co., Ltd., a wholly owned subsidiary, has signed a letter of intent (LOI) with the government of Hohhot City to develop two solar projects with a combined capacity of 600MW.

Vice Mayor of Hohhot City, Wu Wenyuan, stated, “Hohhot City has a number of advantages in developing PV projects, including abundant sunshine and national support. After discussing with and inspecting a number of major PV manufactures in China, we selected Solarfun as a major supplier for these projects. We are excited to partner with Solarfun.”

Peter Xie, President of Solarfun, commented, “We are pleased to have signed this strategic agreement with the government of Hohhot City. This agreement demonstrates our solid market position in China and our commitment to the development of China’s PV market. Hohhot City has been approved to be one of the pioneer cities for using PV systems by the National Development and Reform Commission and it is a key junction that connects to the North China grid.”

He continued, “Hohhot City currently has the largest wind power generation capacity in China and is generally known for its extensive sunshine and commitment to renewable energy projects. We are delighted to supply Hohhot City with our high quality products and expect to further grow our business by taking advantage of the opportunities presented by the new PV incentive policies in China.”

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Solarfun Power Holdings Co. Ltd. (NASDAQ: SOLF) is “One to Watch”

Tuesday, December 18th, 2007

With rapid economic and industrial growth, and a reputation for smog-laden air, it’s no wonder China ranks No. 1 in worldwide consumption of solar energy. Solar photovoltaic (PV) production is also on the rise, growing to 1.5 million kW from 0.35 million kW in the last two years. According to a 2007 report by the Netherlands Environmental Assessment Agency, in 2006 China surpassed the United States in greenhouse gas emissions for the first time; in the People’s Republic of China, carbon dioxide emissions rose to nearly 5.05 billion metric tons in 2004, and an aggregate 6.1 million metric tons in greenhouse gas emissions.

As emission and pollution numbers continue to rise, many companies are finding the industry is ripe to step forward with green solutions. And it’s not just in China, it’s global – the solar equipment industry is expected to grow from 20 billion dollars in 2006 to 90 billion dollars by 2010.

Solarfun Power Holdings Co. Ltd. is one company aimed at solar power capitalization. Through its subsidiary, Jiangsu Linyang Solarfun Co., Ltd., Solarfun develops, manufactures, and sells photovoltaic (PV) cells and PV modules in the People’s Republic of China. The company offers monocrystalline silicon cells and modules and multicrystalline silicon cells and modules to system integrators and third party distributors. Solarfun customers include solar energy product distributors, engineering and design firms and other energy product distributors.

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