Solarfun Power Holdings, a vertically-integrated manufacturer of silicon ingots and photovoltaic cells and modules in China, has entered into a letter of intent for a three-year supply agreement with Q-Cells International, a subsidiary of Q-Cells.
Under the letter of intent, Q-Cells International intends to purchase from Solarfun a minimum of 100MW of photovoltaic cells (PV) modules per annum, using PV cells supplied by Q-Cells from 2009 through 2011.
The modules are expected to be delivered according to Q-Cells design and specifications and used to serve Q-Cells’s rapidly growing systems businesses’ requirements.
Additionally, 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, said: 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.