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The Korean conglomerate Hanwha Solutions has signed a 10-year contract to buy all the polysilicon from REC Silicon’s factory in Moses Lake, Washington. REC hopes to reopen the plant this year and reach full production in 2024. Hanwha, REC’s largest shareholder, will use the polysilicon to supply a $2.5 billion solar manufacturing project that its subsidiary Qcells recently announced for Georgia. REC shut down the Washington plant in 2019 because of high tariffs on US-made polysilicon imposed by China, which is the largest market for solar-grade polysilicon.
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