China Firm Gets Control of Hawaii Solar Panel Supplier
By wchung | 23 Apr, 2026
A Chinese company is now the majority owner of a Hawaii-based supplier of silicon for solar panels.
Hoku Scientific Inc. of Honolulu said Wednesday it has issued more than 33 million shares to Tianwei New Energy Holdings Co. of Chengdu, giving the Chinese company control of 60 percent of Hoku’s outstanding shares.
In return, Tianwei has canceled $50 million in Hoku debt. Tianwei is also loaning Hoku $50 million through China Construction Bank and has agreed to help the company obtain additional financing it may need to build and operate its Pocatello, Idaho, facility.
Financing problems held up construction earlier this year. The $390 million factory will employ 200 workers when completed.
12/23/2009 8:45 PM HONOLULU (AP)
Recent Articles
- Tesla Becomes 1st Major Customer for Intel's 14A Chipmaking Process
- Trump Envoy Seeks to Replace Iran with Italy in World Cup
- TSMC Squeezes Smaller, Faster Chips from Old ASML Gear
- Jawbone Shaving and the Feminization of Korean Male Beauty Standards
- The Reality Behind the Asian Child Labor Scandals that Rocked Mega Brands
- Song: Thumb of Thunder
- SK Hynix to Invest $13 Billion in South Korea Plant to Meet AI Memory Demand
- China, India Bet Big on Green Energy in Sharp Contrast to Regressive US
- China Plans to Make Cities More Youth-, Child-Friendly
- India's L&T Energy GreenTech, Japan's ITOCHU Ink Long-Term Green Ammonia Deal