Solarfun scores 5 MW PV project for German developer

Solarfun Power Holdings said today it has a contract in hand to deliver five megawatts of photovoltaic modules to German energy project developer Meridian Neue Energien.

The modules are expected to be applied to six rooftop projects, which is anticipated to be finished and grid-connected in December. Financial details were not disclosed.

Suhl-based Meridian Neue Energien, which is focused on photovoltaic, wind power and biogas projects, said in a news release that it picked the Chinese solar manufacturer because of its strong track record in the industry and 25-year PV module limited warranty.

The news comes after Suntech’s announcement in September that it completed and connected to China’s grid a 10 MW utility-scale solar power project, powered by more than 37,000 of its solar panels (see Suntech launches 10 MW utility-scale solar project in China).

Qidong, Jiangsu Province-based Solarfun (Nasdaq:SOLF) is a vertically integrated manufacturer of silicon ingots and photovoltaic cells and modules, including mono and multicrystalline silicon cells and modules. It also offers PV module processing services to convert PV cells into PV modules.

Solarfun sells its products through third-party distributors, original equipment manufacturers and directly to system integrators.

In August, Solarfun posted a second-quarter loss of almost $8 million compared to its strong profits last year, but said it shipped 50 percent more PV modules than over the same period in 2008 (see Orders are up as Chinese solar power companies post 2Q09 profits, losses).

The company plans to release is unaudited third quarter financial results Nov. 18. Its stock closed today at $5.55, down 0.18 percent.

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