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Solarfun Power Holdings Co., Ltd. has announced the completion of a 47MW solar module supply agreement between one of its wholly owned subsidiaries and Schüco International KG, a PV system provider. Solarfun will supply a total of 47MW of PV modules to Schüco at a fixed price between December 2008 and October 2009. Schüco expects to install the modules in major projects in Europe and the Middle East.

"This is our largest project contract to date and we are happy to have signed it with Schüco,” said Harold Hoskens, CEO of Solarfun. “Schüco is a leading PV system provider in Europe and is recognized as an important player in the growing PV market. We look forward to further developing our relationship with them. We are also particularly happy to partner on this project since it gives us the opportunity to diversify our business outside of the more established markets in Europe and introduce our PV modules in significant quantities to south-east Europe and the Middle East, which we believe will be key markets for solar energy in the near future.”

By Síle Mc Mahon