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Hoku Starts First Project Since Takeover
Source: Xinhua |
December 22, 2011, Thursday
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Print Edition
Print Edition
HOKU Corp, a solar energy product company based in Hawaii in the United States, has started production of polysilicon as the first project after a majority of the company was purchased by a Chinese company.
The project, with annual capacity of 2,500 tons, began operation on December 1, Ding Qiang, chairman of Tianwei New Energy Holdings Co, said yesterday.
Approved by the National Development and Reform Commission in December 2009, Tianwei bought 60 percent of Hoku shares at the beginning of last year.
Ding said Tianwei had also signed a distribution agreement with Hoku, assigning Hoku to be the distributor for its sales of modules in the US, Canada and south American regions.
The company is investing in local industries to seek a win-win partnership with American photovoltaic companies, Ding said.
The project, with annual capacity of 2,500 tons, began operation on December 1, Ding Qiang, chairman of Tianwei New Energy Holdings Co, said yesterday.
Approved by the National Development and Reform Commission in December 2009, Tianwei bought 60 percent of Hoku shares at the beginning of last year.
Ding said Tianwei had also signed a distribution agreement with Hoku, assigning Hoku to be the distributor for its sales of modules in the US, Canada and south American regions.
The company is investing in local industries to seek a win-win partnership with American photovoltaic companies, Ding said.
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