Tuesday, January 12, 2010

Who Scored the $2.3 Bil? "Polysilicon producers top U.S. federal tax credits"

Ho, ho, hay, hay, more PolySi is on the way!
Wonder what First Solar thinks about that?
From PV-Tech:
In respect of the US$2.3 Billion U.S. federal tax credits issued last week for job creation, two key trends have emerged. As already highlighted, the solar sector garnered approximately US$1.0 billion of the credits allocated. However, another trend emerged whereby three major polysilicon producers garnered the most from the credits in the solar sector. U.S. owned and based, Hemlock Semiconductor received credits of US$141.8 million with US$27.3 million going to Dow’s silane plant that will feed Hemlocks polysilicon plants. Dow also owns Hemlock, which brings the total credits to US$169.1 million.

Norwegian firm, REC Group, saw its U.S. arm REC Silicon, awarded approximately US$155 million for its recent expansion project at Moses Lake, Washington. REC Silicon also has a polysilicon plant in Butte, Montana.

Germany’s, Wacker Chemie is also building a new polysilicon plant in Bradley County, Tennessee and was awarded US$128.4 million in tax credits....MORE