Hoku Corp., a solar energy products and services company, and Tianwei New Energy Holdings Co. Ltd., a provider of silicon wafers, photovoltaic cells, modules and systems, have entered into a definitive reseller agreement.
The deal establishes Tianwei Solar USA Inc. – a wholly owned subsidiary of Hoku Corp. – as the primary distributor of Tianwei New Energy's PV modules to the North American market. Hoku Corp. is majority owned by Tianwei New Energy. Under the terms of the agreement, Hoku's newly formed subsidiary will market, distribute and sell Tianwei New Energy's full range of UL-listed PV modules in North America.
Hoku has established offices in Southern California for this new Tianwei module distribution subsidiary and says it will initially focus on developing key sales channels within the commercial and residential segments of the distributed generation solar market. Hoku and Tianwei New Energy will concurrently work to expand sales into the utility market.