Solarfun expects lesser polysilicon supply to subsidiary

Reuters: Solarfun Power Holdings Co Ltd (SOLF.O: Quote, Profile, Research) said it reduced expectations of polysilcion supply from Jiangsu Zhongneng PV Technology Development Co Ltd to Solarfun’s 52 percent subsidiary, Jiangsu Yangguang Solar Technology Co Ltd.

The company said based on decreased delivery volume in 2007 it now expects amounts to be delivered in 2008 and 2009 to be significantly less.

Solarfun, which said the unit is looking for polysilicon from other sources, also signed a 140 MW long-term wafer contract with Wacker Schott Solar GmbH through Solarfun’s subsidiary, Solarfun Power Hong Kong Ltd, under which deliveries will begin this year, the China-based company said in a statement. (Reporting by Sharangdhar Limaye in Bangalore)

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