Polysilicon producers top U.S. federal tax credits
Jan 12, 2010 - Mark
Osborne - Fab and Facilities - PV-tech.org
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.
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 Hemlock's 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.
Chemie is also building a new polysilicon plant in Bradley County, Tennessee,
and was awarded US$128.4 million in tax credits.
As the tax credits are
for job-creating investments, Hemlock has already stated that it expects approximately
1,500 permanent jobs to be created from the new Clarksville, Tennessee plant.
Wacker has stated approximately 500 jobs will be generated and although
REC has not stated new job creations, it has stated in financial reports that
it currently employs more than 700 in its silicon division.
In total, approximately
2,700 direct jobs are being secured against the tax credits. This, of course,
is aside from the construction and engineering jobs created for the projects until