TOYO Welcomes Ethiopian Delegation to Strengthen Solar Industry Ties and Explore Collaboration
TOYO Hosts Ethiopian Delegation: A New Era in Solar Cooperation
On March 11, 2025, TOYO Co., Ltd., a prominent name in solar solutions, had the honor of hosting a delegation from Ethiopia's Industrial Park Development Corporation (IPDC) along with Ethiopia's Ambassador to Japan. This significant visit aimed to explore avenues for further collaboration in the solar industry, following the delegation's participation in the Japan-India-Africa Business Forum held in Japan just weeks earlier.
With a dedicated focus on enhancing Ethiopia’s industrial infrastructure, TOYO is currently in the process of erecting a state-of-the-art 2 GW solar cell manufacturing facility within the IDPC industrial park. The project is set to begin production by the end of this month, marking a promising development in both local economic growth and job creation.
During the meeting, which took place at TOYO's headquarters in Japan and also included a tour of its facilities in Vietnam, the delegation discussed the immense potential for building a robust solar supply chain. This aligns perfectly with Ethiopia's objectives to improve its industrial infrastructure, while actively promoting sustainable environmental practices. The meeting underscored the shared commitment between TOYO and Ethiopian authorities to cultivate an environmentally friendly business environment.
Mr. Junsei Ryu, CEO and Chairman of TOYO, expressed his gratitude towards the Ethiopian government for fostering a supportive business atmosphere conducive to renewable energy initiatives. He stated, "The local authorities have shown exceptional responsiveness and proactive measures in addressing challenges regarding the construction and operational logistics of our facility. The ready access to abundant green energy resources positions Ethiopia as a prime location for enterprises concerned about the carbon footprint of their solar products. Our collaboration enhances our operational efficiency and reaffirms our faith in Ethiopia as a sustainable growth hub."
The positive sentiment was reciprocated by Mr. Feseha Yetagesu, CEO of IPDC, who noted the critical role TOYO plays in advancing sustainable investments in Ethiopia. "TOYO’s dedication to ecological and economic sustainability is commendable. We are looking forward to deepening our collaboration to build a greener future, which aligns with our climate change mitigation strategies," he remarked after witnessing the efficient operations at TOYO's facilities in Vietnam.
TOYO's commitment to becoming a full-service solar solutions provider on a global level illustrates its strategic positioning in the solar industry. The company integrates various stages of the solar power supply chain, from upstream production of silicon and wafers to the downstream manufacturing of photovoltaic modules.
As TOYO sets itself up to deliver high-quality solar cells at competitive scales and prices, its forward-looking approach is evident in every project undertaken, including the Ethiopian venture. The company is poised to catalyze a transformative impact within the region while reinforcing its standing in the renewable energy market.
Conclusion
TOYO's collaboration with Ethiopian leaders marks an exciting chapter in solar energy development and sustainability. As this partnership evolves, it opens pathways for innovation, economic growth, and a collective commitment to a sustainable future, reflecting the increasing importance of green energy in today’s world. This engagement is not merely an avenue for TOYO to expand its reach but a collaborative effort with Ethiopia to set benchmarks in renewable energy solutions that can inspire other nations to follow suit.