Solarfun Power Holdings Co. Ltd. (SOLF) Signs 5-Year Supply Agreement with Top China Polysilicon Producer
Solarfun Power Holdings Co. Ltd., a vertically integrated manufacturer of silicon ingots, wafers and photovoltaic (PV) cells and modules in China, today announced that it has signed a long-term supplementary wafer and polysilicon product supply contract with GCL-Poly Energy Holdings Limited, which will provide Solarfun with 2,500MW wafer and polysilicon products over the next five years. Per the agreement between Solarfun and GCL (Suzhou) Solar Energy Technology Company Limited, a subsidiary of GCL-Poly, GCL-Poly will provide Solarfun with the wafer and polysilicon products between January 2011 and December 2015. The deal correlates with both companies’ long-term strategies and is expected…