North Coast Solar Stocks

July 29, 2009

Solarfun to Supply Nobility Solar Projects With 14.2MW of High Efficiency Modules

Filed under: SOLF — Tags: , , — Jason @ 5:18 am

Wednesday July 29, 2009, 5:18 am EDT

SHANGHAI, July 29 /PRNewswire-FirstCall/ — Solarfun Power Holdings Co., Ltd. (“Solarfun” or “the Company”) (SOLF), an established vertically-integrated manufacturer of silicon ingots and photovoltaic (PV) cells and modules in China, today announced that Nobility Solar Projects a.s. (“Nobility”) has agreed to purchase 14.2MW of high efficiency PV modules from Solarfun during the second half of 2009. Nobility, a leading distributor of solar products in Eastern Europe, is Solarfun’s distribution partner in the region.

Peter Xie, President of Solarfun, commented, “Eastern Europe, and specifically the Czech Republic, is a good new developing market for solar products. Our agreement with Nobility demonstrates our ability to not only penetrate new markets, but also quickly increase high quality, high efficiency PV module shipment volumes. Nobility is the leading distributor of solar products in Eastern Europe and we are pleased to be a part of this growing business relationship. This agreement also reflects an improvement in demand that we see for our business in the second half of the year.”

Lubomir Bures, Vice President of Nobility, declared, “This agreement secures Nobility a strong bankable partner for module deliveries. Through this partnership, Solarfun gains a significant market share in the Czech Republic and other Eastern European countries, which would be very hard to achieve without a strong local partner.”

About Nobility Solar Projects

Nobility Solar Projects a.s. is a leading PV installer and system integrator in Eastern Europe. The Company offers complete construction of photovoltaic power plants on a turnkey basis including its own construction of steel supporting structures, electro assembly and the servicing and monitoring of photovoltaic power plants. The Company is headquartered in the Czech Republic.


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