TOYO Launches Production at New 2GW Solar Cell Facility in Ethiopia

TOYO Co., Ltd, a prominent solar solutions provider, recently inaugurated the production line at its cutting-edge 2GW solar cell facility located in Ethiopia. This strategic move is aimed at significantly enhancing the company’s capacity to meet the growing global demand for renewable energy.

Initial Production and Future Plans

In early April 2025, TOYO commenced operations at its Ethiopian facility, with expectations to deliver over 80 MW of solar cells to various clients by the end of the month. TOYO’s ambitious plan includes scaling production significantly; the plant is projected to reach a monthly output of 150 to 200 MW by May and June 2025. This rapid expansion reflects the company’s commitment to sustainable energy and showcases Ethiopia as a vital manufacturing hub for TOYO.

Expansion to Meet Growing Demand

Recognizing a robust external demand, TOYO is not stopping at the initial capacity. The company has announced plans to further increase its capabilities to 4GW at this location, leveraging both market demand and the needs for internal production at their new module facility in Houston, Texas. This move is integral to TOYO's strategy to bolster its global solar manufacturing footprint and to expand its role in the renewable energy sector actively.

Strategic Move for Sustainable Energy Growth

TOYO’s investment in Ethiopia represents a critical step for the company in diversifying its manufacturing ventures while capitalizing on regional advantages. The establishment of this facility not only positions TOYO strategically within Africa but also aims at fostering sustainable energy growth worldwide. Junsei Ryu, the Chairman and CEO of TOYO Co., Ltd., expressed optimism regarding the market's demand: "We are very positive about the strong demand we are seeing and are diligently working towards executing the additional 2GW expansion in Ethiopia. 2025 promises to be a year of tremendous growth for TOYO driven by solar energy's capacity to integrate low-cost power rapidly into grids around the world."

Commitment to a Sustainable Future

TOYO is committed to becoming a leading full-service solar solutions provider globally, overseeing the entire solar supply chain from the production of wafers and silicon to the manufacture of photovoltaic modules. This holistic approach not only enables TOYO to maintain high-quality standards at competitive production scales but also its commitment to fostering solar energy solutions on an international level.

In conclusion, the launch of TOYO's solar cell production in Ethiopia marks a pivotal moment in the company's journey to become a leading force in the solar energy market. The anticipated growth at the new facility is a testament to TOYO's strategic planning and dedication to meeting the rising global energy demands with sustainable practices. The investment is likely to have positive ramifications not just for TOYO but for the renewable energy landscape as a whole, promoting green technologies and fostering a sustainable economic future in Ethiopia and beyond.