Solarfun Power Holdings Co. Ltd. has signed three contracts for the sale and delivery of wafers totaling $230 million over a seven-year period with a major Korean conglomerate. According to the agreements, Solarfun will receive a predetermined amount of wafers beginning this month, with volumes reaching over 30 MW per year in 2011.
‘We are pleased to develop a long-term partnership with a proven player and look forward to growing our relationship with them in many areas,’ says Lu Yonghua, Solarfun's chairman. ‘This contract will be a key factor towards fulfilling our immediate expansion goals of 360 MW in production capacity by mid-2008 and allows us to explore OEM as a possible addition to our business model.’
