www.reuters.com
Mar 22, 2010
March 22 (Reuters) - Chinese photovoltaic (PV) cell maker Solarfun Power Holdings Co Ltd said it would supply 5.5 MWs (MW) of modules to Energie Baden-Wuerttemberg, Germany's third-largest utility. EnBW, which plans to increase the share of renewables in its energy mix to 20% by 2020, plans to build a solar park in Baden-Wuerttemberg using Solarfun Power's modules. The solar park, one of the largest in the region, is expected to be connected to the grid in June.
Germany, the world's PV leader, is expected to add more than 5,000 MW of photovoltaic capacity in 2010. About 9,000 MW were installed in the country at the end of 2009. However, Germany plans to curb support to the solar sector, which the government sees as overly subsidised. Solarfun Power shares, which have nearly doubled in the past year, closed at $6.33 Friday on Nasdaq.
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