North Coast Solar Stocks

October 20, 2009

Solarfun and Meridian Neue Energien GmbH Sign PV Modules Supply Agreement

Filed under: SOLF — Tags: , , — Jason @ 6:46 am

— Contract signed for 5MW of residential projects in Germany–

6:46 am EDT, Tuesday October 20, 2009

SHANGHAI, Oct. 20 /PRNewswire-FirstCall/ — Solarfun Power Holdings Co., Ltd. (“Solarfun” or “the Company”) (SOLF), a vertically integrated manufacturer of silicon ingots and photovoltaic (PV) cells and modules in China, today announced that is has signed a contract to deliver five megawatts (“MW”) of PV modules to Meridian Neue Energien GmbH, a leading new energy project developer in Germany. The PV modules will be applied to six roof top projects, which are expected to be completed and grid connected in December 2009.

Henry Bolz, Managing Director of Meridian Neue Energien, commented, “European, and in particular German, companies active in the PV market insist on extremely high quality production standards from their suppliers. Solarfun has demonstrated that it is more than capable of living up to these expectations. They have built a strong track record over the years and we are certain that their 25-year PV module limited warranty will support our anticipated power output and forecasted investment returns. As owner and operator of large PV projects, we insist on comprehensive tests and quality controls. We have found that these can only be passed by manufacturers with a long history in the market, and we certainly believe that Solarfun meets the level of excellence that we expect.”

Peter Xie, President of Solarfun, added, “We are pleased to sign this agreement with such a reputable and well established company. Meridian Neue Energien has stringent standards for the PV modules that they use and we are happy that they selected us for this project.”

This Report on Form 6-K is hereby incorporated by reference into Solarfun’s registration statement on Form F-3 (Registration No. 333-152005) filed on July 14, 2008.

About Meridian Neue Energien GmbH

Since 1996, meridian Neue Energien GmbH uses its know-how for the installation of a sustainable energy supply. Therefore the company group develops, realizes and operates indicatory projects for the generation and the utilization of renewable energies. In the center of the business activities are wind power and especially big photovoltaic roof top installations in Germany, France, Italy and Czech Republic.

The meridian company group covers the entire value chain of the realization of the projects, starting from the acquisition of the locations and the project development up to planning of the projects and the realization. The corporate objective is to hold the projects in the company group and to develop an energy supplier of renewable energies.


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