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Business
Idaho Polysilicon Plant On The Block
by Melody M. Bomgardner
October 7, 2013
| A version of this story appeared in
Volume 91, Issue 40
A $700 million solar-grade polysilicon plant in Pocatello, Idaho, will go on the auction block on Oct. 23. The plant was built by Honolulu-based solar installation firm Hoku. It filed for bankruptcy despite a large investment from Chinese energy firm Tianwei New Energy, which had contracts to buy polysilicon from the facility. Before the plant was able to begin production, mounting debt and a swift drop in prices for polysilicon caused by polysilicon overcapacity left Hoku with huge financial liabilities.
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