July 20, 2010 (FinancialWire) (Go to http://www.financialwire.net/?s=ftrdnwswnd for all of today’s featured news.) — Solarfun Power Holdings Co., Ltd. (NASDAQ: SOLF), a vertically integrated manufacturer of silicon ingots, wafers and photovoltaic cells and modules in China, said it plans to increase its cell capacity by 50 megawatts through the enhancement of its manufacturing processes. The company also plans to convert 160 MW of its existing cell lines to high-efficiency selective emitter technology.

Both moves are to be completed in the early first quarter of 2011.

Peter Xie, president of Solarfun, said, "We experienced robust demand from customers in the first half of 2010, and customer demand in the second half of 2010 turned out to be much stronger than what we had anticipated.”

He said the company was largely sold out of existing capacity for the remainder of 2010.

The company said its cell capacity is expected to reach 550 MW by the early first quarter of 2011. The addition of 50 MW incremental capacity will be achieved through debottlenecking and the enhancement of manufacturing processes without the purchase of any new cell lines.

Also by the early first quarter of 2011, Solarfun Power plans to finish converting 160 MW of its existing cell capacity to high efficiency cell capacity through the introduction of selective emitter technology. The company's approach is expected to realize efficiency targets exceeding 18.5% and 17.0% for monocrystalline and multicrystalline cells, respectively.

Solarfun produces both monocrystalline and multicrystalline silicon cells and modules. The firm sells its products through third-party distributors, OEM manufacturers and directly to system integrators. Solarfun was founded in 2004 and its products have been certified to TUV and UL safety and quality standards.

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