GCL-Poly signs huge polysilicon, wafer supply deal with Solarfun

GCL-Poly Energy Holdings and Solarfun Power Holdings have mutually entered into a long-term wafer and polysilicon supply contract where GCL-Poly will provide Solarfun with 2,500MW of wafer and polysilicon products from January 2011 until December 2015. Included in the contract signed between the two companies is a price adjustment mechanism.

Ping Xie, president and chief executive officer of Solarfun said, “By signing the long-term supplementary wafer and polysilicon product contract with GCL-Poly, we have further strengthened the long-term strategic partnership between both parties. As a result, this will solidify our requirements for key raw materials on a cost-effective basis and allow us to continue to expand scale and meet our growing customer needs worldwide.”