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Solarfun to supply PV modules to Q-Cells

Posted: 29 Aug 2008 ?? ?Print Version ?Bookmark and Share

Keywords:solar cell? photovoltaic cell? PV module? renewable energy?

China-based manufacturer of silicon ingots and photovoltaic (PV) cells Solarfun Power Holdings Co. Ltd has entered a three-year supply agreement with Q-Cells International, a subsidiary of solar cell provider Q-Cells AG.

Under the letter of intent, Q-Cells International intends to purchase from Solarfun a minimum of 100MW of PV modules per annum using PV cells supplied by Q-Cells from 2009 through 2011. The modules shall be delivered according to Q-Cells design and specifications. 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 PV solar modules.

Anton Milner, CEO of Q-Cells stated, "We are very pleased to establish this relationship with Solarfun, which will support our growing needs for the rapidly expanding activities in Q-Cells International, in this case primarily outside of Europe. We aim to combine our high efficiency cells and Solarfun's competitive, flexible and high quality manufacturing base for solar modules to create high efficiency and cost effective module solutions for these systems. We believe that close cooperation between the two parties will provide each with opportunities to grow and compete effectively in the burgeoning field of renewable solar energy."

"We believe this relationship is beneficial to both parties and provides a platform for further areas of cooperation. We are pleased that Q-Cells intends to choose us as a major module supplier with this sizeable commitment. Upon the expected entry into the contract, it will allow us to build additional scale, and leverage and enhance our corporate structure," said Solarfun CEO Harold Hoskens.

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