Due to a high demand in the second half of 2010, Solarfun Power Holdings will be expanding its module capacity to 900MW, having already reached its original announced capacity of 700MW. The company also announced that it has purchased a cell line from SMIC to increase its cell capacity to above 500MW by July 1.
Peter Xie, president of Solarfun, stated, “We expect the strong demand for our products in the first half of 2010 to carry over into the second half of the year. We plan to expand our module capacity above previously announced plan to meet anticipated demand. Also, market conditions have increased the need for internally produced cells, and our acquisition of cell production line from SMIC will enable us to expand cell capacity more rapidly than under the originally planned equipment purchase timeframe.”
The module capacity expansion is scheduled to be completed by August. Its newly acquired line from SMIC, with an annual capacity of 25MW, is set to be operational this month.
