Solar Co. Owes $83M After Breaching Supply Deal, Suit Says

Law360, New York (March 08, 2013, 7:20 PM ET) -- Hemlock Semiconductor Corp. sued SolarWorld AG unit Deutsche Solar GmbH in Michigan federal court Thursday, accusing the German company of breaching a supply contract to buy $83 million worth of material used to manufacture solar cells.

Hemlock claims that Deutsche Solar ceased purchasing polycrystalline silicon for its multicrystalline silicon wafers — the building blocks of photovoltaic solar cells and modules — in March 2012 after demanding that Hemlock renegotiate the terms of a long-term supply contract.

Hemlock also says SolarWorld CEO Frank Asbeck threatened to drive...
To view the full article, register now.