* Says wholly owned unit signed deal with Jiayuguan City
* To build module production facility to support project
Dec 4 Chinese photovoltaic cell maker Solarfun
Power Holdings Co Ltd SOLF.O said one of its units had signed
an agreement to build a 100 megawatt solar power plant in
The company said its wholly owned subsidiary, Jiangsu
Linyang Solarfun Co Ltd, had signed an agreement with the
government of Jiayuguan City, Gansu Province, to build the
Solarfun also said it would construct a module production
facility in Jiayuguan City to support the project.
Earlier this year, China, the world's top greenhouse gas
polluter, had launched a long-awaited plan to offer subsidies
for large solar power projects to catch up in a global race to
find alternatives to fossil fuels.
Since China announced the incentive, domestic solar power
producers, including LDK Solar Co Ltd LDK.N, Suntech Power
Holdings Co Ltd STP.N and ReneSola Ltd SOLA.L unveiled
plans to build big solar power plants in the country.
Friday's news also comes a month after several Chinese
solar companies including Solarfun, Canadian Solar Inc (CSIQ.O)
and China Sunergy Co Ltd CSUN.O signalled an uptick in demand
for green energy systems after a dismal year.
Solarfun shares, which have more than tripled from a March
year-low, closed at $6.86 Thursday on Nasdaq. (Reporting by
Adveith Nair in Bangalore; Editing by Aradhana Aravindan)
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