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Hanwha to buy REC Silicon for US$88.8 million, shareholders criticise ‘lowball’ offer

April 28, 2025
Beleaguered Norwegian silicon producer REC Silicon has received a buyout offer from its largest shareholder, Hanwha Corporation.
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REC Silicon secures US$40 million Hanwha loan to aid Moses Lake shutdown

January 27, 2025
REC Silicon has secured a US$40 million term loan from Hanwha International LLC, a subsidiary of Korean conglomerate and REC majority shareholder, Hanwha Solutions.
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Why experts raised eyebrows when REC Silicon abandoned US polysilicon production

January 21, 2025
Experts and shareholders in REC Silicon have raised questions since the company shut down its Moses Lake, WA polysilicon operation.
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REC Silicon abandons US polysilicon production at Moses Lake

January 2, 2025
The company claimed that its US offtake customer, Hanwha Qcells, “Is not able to wait any longer for delivery of product".
The winning price, locked in for 25 years, was set at INR 3.33 per unit of electricity.

Reliance Industries plans to commission 10GW solar manufacturing plant this year

September 3, 2024
Reliance Industries is on track to open solar and battery storage production facilities by the end of this year and next, respectively.
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REC Silicon to ship polysilicon from Moses Lake plant in Q2

May 2, 2024
US polysilicon manufacturer REC Silicon expects to ship the first solar-grade polysilicon from its Moses Lake, Washington facility by the end of June.
The US has been blocking the import of some solar imports from China since the UFLPA come into effect last June Image: Port of Los Angeles.

First Solar, Qcells and others launch AD/CVD petition to DOC

April 24, 2024
A group of US-based solar manufacturers have filed an antidumping and countervailing duty (AD/CVD) petition to the US Department of Commerce (DOC) and International Trade Commission (ITC).
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REC Silicon delays Moses Lake polysilicon plant first shipment to Q2 2024

March 27, 2024
Polysilicon manufacturer REC Silicon has delayed the timeframe of its first shipment from its Moses Lake facility from end of first quarter 2024 to early Q2 2024.
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REC Silicon to shut down polysilicon production capacity in Montana, US

February 8, 2024
Polysilicon manufacturer REC Silicon has decided to shut down its polysilicon production capacity at its Butte facility in Montana, US.
Workers at Q CELLS’ 1.7GW module assembly plant in Georgia. Image: Q CELLS.

Hanwha Qcells finalises FBR polysilicon supply deal with REC Silicon

September 7, 2023
REC Silicon has signed a supply agreement with Hanwha Qcells Georgia to supply high-purity fluidised bed reactor granular polysilicon.

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