North Coast Solar Stocks

December 4, 2009

Solarfun Signs Agreement to Build 100MW Solar Power Plant in Jiayuguan City, Gansu Province

Filed under: SOLF — Tags: , , , , — Jason @ 4:00 am

4:00 am EST, Friday December 4, 2009

SHANGHAI, Dec. 4 /PRNewswire-FirstCall/ — Solarfun Power Holdings Co., Ltd. (“Solarfun” or “the Company”) (SOLF), a vertically integrated manufacturer of silicon ingots and photovoltaic cells and modules in China, today announced that Jiangsu Linyang Solarfun Co., Ltd., a wholly owned subsidiary of Solarfun, has signed an agreement with the government of Jiayuguan City, Gansu Province, under which Solarfun agreed to build a 100MW solar power plant. To support this project, Solarfun agreed to construct a module production facility in Jiayuguan City.

Jingchang Zhang, Vice Mayor of Jiayuguan City, commented, “Jiayuguan is a famous tourist attraction in western China. Its abundant sunshine makes it an attractive location for solar projects. We have interviewed many solar module suppliers in China and are confident that Solarfun will be a good partner for our development.”

Peter Xie, President of Solarfun, commented, “We continue to make progress in building a meaningful presence in the rapidly developing China market. We appreciate the opportunity to partner with Jiayuguan City towards their firm commitment to renewable energy development.”

The commencement of this project is subject to feasibility studies, financing and further government approval.

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