Solarfun Subsidiary Signs Long-Term Supply Agreement

Solarfun Power Holdings Co. Ltd. says Jiangsu Linyang Solarfun Co. – a 100% subsidiary – has entered into a long-term polysilicon supply agreement with Jiangsu Zhongneng Polysilicon Technology Development Co. Ltd. The company has also entered into an agreement to purchase the remaining 48% stake in Jiangsu Yangguang Solar that it did not own.

‘This agreement is an important addition to Solarfun's existing supply arrangements for silicon-related materials,’ says Harold Hoskens, CEO of Solarfun. ‘The agreement helps improve visibility of our long-term polysilicon supply and strengthens our ability to execute our vertical integration strategy.’

SOURCE: Solarfun

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