Hoku’s US$700m polysilicon plant sells for US$5.3 million

Facebook
Twitter
LinkedIn
Reddit
Email

Hoku Materials’ never-used polysilicon plant in Idaho has sold at auction for US$5.3 million. The company had invested an estimated US$700 million in the facility.

The site was bought by JH Kelly, the general contractor that built the plant, which claims still to be owed US$25 million. JH Kelly claims to have paid all its sub-contractors for their work at the site.

This article requires Premium SubscriptionBasic (FREE) Subscription

Try Premium for just $1

  • Full premium access for the first month at only $1
  • Converts to an annual rate after 30 days unless cancelled
  • Cancel anytime during the trial period

Premium Benefits

  • Expert industry analysis and interviews
  • Digital access to PV Tech Power journal
  • Exclusive event discounts

Or get the full Premium subscription right away

Or continue reading this article for free

JH Kelly is also pursuing legal action against Hoku’s parent company, Tianwei New Energy Holdings.

Attempts to sell the plant piecemeal attracted bids totalling just US$4.78 million with industrial storage tanks, office furniture and fork lift trucks all on offer.

The sale reverted to the job lot and JH Kelly submitted the highest bid for the entire site.

Hoku has filed for Chapter 7 bankruptcy and has estimated debts of US$1 billion. A trustee for the company has recommended that the federal court accept the offer for the Pocatello plant with a decision expected on 12 November, according to local press reports.

Read Next

September 12, 2025
German trade association BSW-Solar has called the German government for a simplified, standardised and more digitalised grid access for solar PV and energy storage operators.
September 12, 2025
ACME Venus Urja has secured INR3.8 billion (US$43 million) to develop and construct a solar-plus-storage project in Barmer, Rajasthan.
Premium
September 12, 2025
Vote Solar's Sean Garren tells PV Tech Premium that Georgia Power's latest IRP is 'skewed so heavily towards fossil fuels'.
September 11, 2025
Founder Group has won a RM10 million (US$2.3 million) engineering, procurement, construction and commissioning contract for a 30MW solar plant in Malaysia.
September 11, 2025
German renewable energy developer ib vogt has signed a 70MW solar PV virtual power purchase agreement (vPPA) in Romania.
September 11, 2025
Madison Energy Infrastructure has raised US$800 million to accelerate the deployment of clean energy assets across the US. 

Subscribe to Newsletter

Upcoming Events

Solar Media Events
September 16, 2025
Athens, Greece
Solar Media Events
September 30, 2025
Seattle, USA
Solar Media Events
October 1, 2025
London, UK
Solar Media Events
October 2, 2025
London,UK
Solar Media Events
October 7, 2025
Manila, Philippines