Solarfun (SOLF) To Increase Capacity To 900MW, Purchases Cell Production Line

Solarfun has just announced that it will increase its module capacity to 900Mw by August of this year in order to keep up with increased demand from customers. As part of this effort, the company also announced that it has purchased a 25MW cell production line from Semiconductor Manufacturing International Corporation. The purchase, along with Solarfun’s own previously announced expansion efforts, will increase its capacity to over 500MW by July.

In a press release, Peter Xie, President of Solarfun, commented on the news:

“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.”

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