Wells Fargo in partnership with Tianwei, for solar project in the U.S..

Wells Fargo & Co. to provide financing of Baoding
Tianwei Group Co. to develop energy projects
and solar power in the U.S., Wells Fargo today
announced a cooperation (agreement) "with a
Chinese company Baoding-based maker of
power transformers. San Francisco-based bank
said in a statement that the agreement, the first
step in starting a business relationship involving a
Chinese company as a partner and is expected to
develop projects of development of solar power.
"Tainwei's Hoku Materials unit Inc. is a building
the polysilicon plant in Pocatello, Idaho, and the
Hoku Solar photovoltaic develop project in the
U.S., according to the statement. The companies
did not provide financial details about the
agreement. Wells Fargo in November agreed to
provide more than $ 100 million in funding for
photovoltaic projects to be developed in the U.S.
by GCL-Poly Energy Holdings Ltd., China's largest
supplier of polysilicon.