Good Energies increases stake in Solarfun

Facebook
Twitter
LinkedIn
Reddit
Email

Solarfun Power Holdings has announced the increase in the stake of
ownership of the company by Good Energies, raising Good Energies’ stake
in Solarfun from 6.3% to 34.7%. Good Energies today signed an agreement
to purchase 66,745,638 ordinary shares and 281,011 American Depository
Shares, including 50% of CEO Yonghua Lu’s shares.

While these reshuffles are expected to be completed
by the end of 1Q08, Good Energies has appointed an additional Director
to the Board, while Good Energies’ Chief Investment Officer Dr. Sven
Hansen will remain on the Solarfun Board.

This article requires Premium SubscriptionBasic (FREE) Subscription

Unlock unlimited access for 12 whole months of distinctive global analysis

Photovoltaics International is now included.

  • Regular insight and analysis of the industry’s biggest developments
  • In-depth interviews with the industry’s leading figures
  • Unlimited digital access to the PV Tech Power journal catalogue
  • Unlimited digital access to the Photovoltaics International journal catalogue
  • Access to more than 1,000 technical papers
  • Discounts on Solar Media’s portfolio of events, in-person and virtual

Or continue reading this article for free

“We view Solarfun as
one of the best manufacturing platforms for PV products in Asia and we
believe there are tremendous opportunities for growth,” said Richard
Kauffman, Chief Executive Officer of Good Energies. “We are pleased
that Mr. Yonghua Lu and the largest shareholders of Solarfun have
selected Good Energies to work with management to help the Company
strive to reach a new level of international growth and success. The
investment reflects our confidence in the long-term prospects of
Solarfun and is a testament to management’s achievement in turning the
Company into one of the leading global manufacturers of photovoltaic
cells and modules.”

Solarfun is a PV cell and module manufacturer based in China.

 

By Síle Mc Mahon

 

Read Next

June 27, 2025
Indian solar manufacturer Premier Energies has commissioned its 1.2GW TOPCon solar cell manufacturing line at Fab City, Hyderabad, Telangana.
June 27, 2025
The UK government has decided it will not sign a Contract for Difference (CfD) with Xlinks for the 11.5GW Morroco-UK interconnector project.
June 27, 2025
Renewables investment platform Nexwell Power has signed a round of power purchase agreements (PPAs) with “one of the largest” US tech companies for solar PV capacity to be built in Spain.
June 27, 2025
Statkraft has signed PPAs with Better Energy to purchase energy from two solar power plants in Poland with a total capacity of 64GWh.
June 27, 2025
Solar developer Lightsource bp has signed a power purchase agreement (PPA) with a subsidiary of Taiwanese energy firm HD Renewable Energy (HDRE).
June 27, 2025
PV Tech spoke to Monika Paplaczyk about recent changes in the UK energy mix and opportunities for investors in the solar sector.

Subscribe to Newsletter

Upcoming Events

Upcoming Webinars
June 30, 2025
10am PST / 6pm BST
Solar Media Events
July 1, 2025
London, UK
Solar Media Events
July 1, 2025
London, UK
Media Partners, Solar Media Events
July 2, 2025
Bangkok, Thailand
Media Partners, Solar Media Events
September 2, 2025
Mexico City, Mexico