Hoku Materials, Solarfun Amend Polysilicon Supply Contract

Hoku Materials Inc. and Solarfun Power Hong Kong Ltd. have amended their polysilicon supply contract to increase the term of the contract from eight to 10 years. Total amounts that may be payable to Hoku Materials have increased from up to $306 million for the eight-year contract to up to $384 million for the amended 10-year contract.

‘A 10-year term allows us to better plan for our long-term operations, including the timing of future product sales and plant expansions,’ says Dustin Shindo, chairman and CEO of Hoku Scientific.

SOURCE: Hoku Materials

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