Solarfun signs 30MW contract with Martifer Solar

SHANGHAI, CHINA: Solarfun Power Holdings Co. Ltd, an established vertically-integrated manufacturer of silicon ingots and photovoltaic (PV) cells and modules in China, announced that Jiangsu Linyang Solarfun Co. Ltd, a subsidiary of Solarfun, has entered into a 30MW sales contract with Martifer Solar Sistemas Solares SA, headquartered in Portugal and a leading solar project developer, installer and producer in Europe.

Under the terms of the agreement, Solarfun has agreed to supply a total of 30MW of PV modules to Martifer Solar at a fixed price to be delivered according to a binding delivery schedule from January 2009 to December 2009.

Solarfun CEO Harold Hoskens said: “This agreement is one of our largest new contracts to date. We are delighted to be working with Martifer and are excited to begin a long-term relationship with them. This project is particularly important as it will further enhance our presence in regions outside of the mainstream developed solar markets in Europe. We plan to continue to geographically diversify our business to these and other regions in the coming years.”

Henrique Rodrigues, Martifer Solar CEO added: “We are very happy to be working with Solarfun for the installation of their PV modules in various projects throughout Portugal, Italy, Greece, and other countries in Southern Europe. Solarfun’s strong reputation in the market and their high quality products excite us to begin developing a long-term relationship with their team.”

This report on Form 6-K is hereby incorporated by reference into the Company’s Registration Statement on Form F-3 (Registration No. 333-152005) filed on July 14, 2008.