Saturday, October 20, 2007

Solarfun purchases wafers from LDK

Filed from Houston 10/18/2007 2:00:23 PM GMT

CHINA: LDK Solar Co. Ltd., a manufacturer of multicrystalline solar wafers, signed a contract to supply multicrystalline solar wafers to China-based Solarfun Power Holdings Co. Ltd. Under the terms of the agreement, pricing is fixed for the entire contract period, during which LDK will deliver wafers to Solarfun valued at approximately US$266 million, with delivery commencing in early 2008 and running through 2010.

Suntech Announces 510MW Wafer Supply Agreement with ReneSola

October 18, 2007: 08:00 AM EST

WUXI, China, Oct. 18 /Xinhua-PRNewswire/ -- Suntech Power Holdings Co., Ltd. , one of the world's leading manufacturers of photovoltaic (PV) cells and modules, today announced an agreement with ReneSola Ltd (AIM: SOLA), a leading manufacturer of wafers for the photovoltaic industry, to purchase 510MW of silicon wafers over a four-year period beginning in January 2008.

"We are very pleased to announce this expanded relationship with our long time supplier ReneSola, a rapidly growing producer of high quality silicon wafers," said Dr. Zhengrong Shi, Suntech's Chairman and CEO. "This agreement demonstrates Suntech's ability to continue to secure a high volume of silicon despite the industry shortage."

Dr. Shi added, "These silicon wafers will supplement our already healthy and diversified supply outlook for the next four years as well as enable us to increase our production of high efficiency solar cells and achieve our market expansion goals faster than we originally anticipated."

Mr. Xianshou Li, ReneSola's CEO, said: "We are excited to expand our long term strategic relationship with Suntech, one of the global leaders in the solar industry. We consider Suntech to be one of our long term cornerstone customers and hope to grow together successfully as we focus on rapidly expanding our capacity to deliver high quality wafers."

About Suntech

Suntech Power Holdings Co., Ltd. is a leading solar energy company in the world as measured by both production output and capacity of solar cells and modules. Suntech provides solar solutions for a green future. Suntech designs, develops, manufactures, and markets a variety of high quality, cost effective and environmentally friendly PV cells and modules for electric power applications in the residential, commercial, industrial, and public utility sectors. Suntech's majority-owned subsidiary, MSK Corporation is one of the top-ranked companies in the building-integrated photovoltaics (BIPV) space. Suntech's customers are located in various markets worldwide, including key markets throughout Europe, North America, Japan and China. For more information, please visit .