* GCL-Poly to provide wafer, polysilicon products
* Contract for January 2011-December 2015
Dec 23 Chinese solar products maker Solarfun
Power Holdings SOLF.O said GCL-Poly (3800.HK) will provide it
2,500 megawatts wafer and polysilicon products over the next
The January 2011-December 2015 contract underscores the
surging demand for renewable energy systems despite falling
subsidies in top European markets such as Germany, Italy and
the Czech Republic.
"We expect this to satisfy our requirements for key raw
materials on a cost-effective basis, and allow us to continue
expanding in scale as we meet our growing customer needs
worldwide," Solarfun Chief Executive Peter Xie said in a
Solarfun shares, which have gained 11 percent in value year
to date, closed at $8.41 on Wednesday on Nasdaq.
(Reporting by Krishna N Das in Bangalore; Editing by Joyjeet