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Business Description
Solarfun Power Holdings Co., Ltd. engages in the manufacture and sale of photovoltaic (PV) cells and PV modules in China. The company sells its products both directly to system integrators and through third party distributors. It also provides PV cell processing services for its silicon suppliers.
The company operates four PV cell production lines, each with 30 MW of annual manufacturing capacity.
Products and Services
The company's products and services include PV cells, PV modules and PV cell processing services.
PV Cells
A PV cell is a semiconductor device that converts sunlight into electricity by a process known as the photovoltaic effect. The company produces various PV cells ranging from 200 microns to 240 microns in thickness, with the substantial majority of these PV cells having a thickness of 220 microns.
PV Modules
A PV module is an assembly of PV cells that have been electrically interconnected and laminated in a durable and weather-proof package. The company has been selling a range of PV modules, ranging from 5W to 280W in power output specification, made primarily from the PV cells it manufactures. The company is developing modules with higher power to meet the rising expansion of on-grid configurations.
Services
PV Cell Processing
The company provides PV cell processing services to convert silicon wafers into PV cells on behalf of third parties, including some of its silicon suppliers.
Solar System Integration
The Solar application system consists of PV modules that are physically mounted and electrically interconnected, with system components, such as batteries and power electronics, to produce and reserve electricity. The company provides solar system integration services to end-users in China through Shanghai Linyang. In September 2006, Shanghai Linyang owns the bid for the Suyuan Group 74KW on-grid application system project in Nanjing. In November 2006, Shanghai Linyang owns a bid to provide a substantial majority of the PV modules to be used in a 1 MW solar power plant in Shanghai. The company has commenced its commercial activities to provide solar system integration services to end-users in China through Shanghai Linyang. The company intends to focus on designing and installing solar application systems based on customers’ specific requirements, using PV modules its manufacture under its Solarfun brand. In addition, in December 2006, Shanghai Linyang also entered into an agreement with Shanghai Qianwei New Energy Development Company Limited to provide 0.8 MW of PV modules to be used in a 1 MW solar power plant project in Shanghai.
Subsidiaries
The company's wholly-owned subsidiary includes Linyang Solar Power Investment Holding Ltd.; Jiangsu Linyang Solarfun Co., Ltd.; Shanghai Linyang Solar Technology Co., Ltd.; and Sichuan Leshan Jiayang New Energy Co., Ltd.
Suppliers
The company's principal silicon suppliers include LDK, ReneSola and Shanghai Jiu Jing Electronic Material Ltd.
Customers
The company sells its PV modules through distributors and directly to system integrators. The company's customers include solar energy product distributors, engineering and design firms and other energy product distributors. The company's system integrator customers provide value-added services and typically design and sell complete systems that use its PV modules. The company's customers include Suntaics Ltd.; S.E. Project S.R.L., Suntaics Ltd., Social Capital S.L., and Solar Projekt Energysystem GmbH.
Competition
The company's competitors include BP Solar, Kyocera Corporation, Mitsubishi Electric Corporation, Motech Industries Inc., Sharp Corporation, Q-Cells AG, Sanyo Electric Co., Ltd. and Sunpower Corporation. The company's primary competitors in China include Suntech Power Holding’s Co., Ltd., Yingli Green Energy Holding Company Limited, Trina Solar Limited and China Sunergy Co., Ltd.
History
Solarfun Power Holdings Co., Ltd. was founded in 2004.
