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 17, 2025
Spanish IPP Velto Renewables has acquired a portfolio of 53 operational solar assets in Spain with a combined capacity of 260MW.
September 17, 2025
Struggling Swiss solar manufacturer Meyer Burger has formally entered into a debt moratorium, with the possibility of rescuing the entire group now looking unlikely.
September 17, 2025
Nexamp has secured US$350 million through a long-term financing facility to expand its 6GW utility-scale solar and battery storage pipeline in the US. 
September 17, 2025
Chinese module producer DAS Solar is planning a 5GW manufacturing facility focused on producing high-efficiency back contact cells.
September 17, 2025
The California State Legislature has passed two bills that aim to reduce energy prices in the state, AB 825 and SB 302.
September 17, 2025
QatarEnergy has signed an EPC agreement with Samsung C&T for its 2GW Dukhan project. 

Subscribe to Newsletter

Upcoming Events

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
Solar Media Events
October 7, 2025
San Francisco Bay Area, USA