Solarfun Power Holdings Co. Ltd. has entered into a letter of intent for a three-year supply agreement with Q-Cells International, a subsidiary of solar cell manufacturer Q-Cells AG.
Under the letter of intent, Q-Cells intends to purchase from Solarfun a minimum of 100 MW of PV modules per annum using PV cells supplied by Q-Cells from 2009 through 2011. The modules will be delivered according to Q-Cells' design and specifications and be used to serve Q-Cells International's growing systems businesses' requirements.
In addition, both parties intend to complete an agreement whereby the companies will cooperate to further enhance the development of highly efficient and low-cost solar PV modules.
SOURCE: Solarfun
