Tianwei New Energy takes majority stake in Hoku; construction resumes on Pocatello polysilicon plant
Financially strapped polysilicon start-up Hoku Scientific and Tianwei New Energy Holdings have closed the deal giving Tianwei a majority investment in Hoku. As a result of the agreement, Hoku has issued orders to resume full-scale construction of its poly plant in Pocatello, ID, and authorize the shipment of equipment that had been placed on hold pending Hoku’s receipt of financing.