Toyo Solar Ethiopia to double solar module production with 4GW facility expansion
Toyo Solar Ethiopia facility expansion to accelerate solar industry growth
The expansion will involve adding a new 2GW production line, which will double the plant’s capacity. The current facility was initially established in March 2024 and produces 550W solar modules. With the new production line, Toyo Solar will be able to manufacture modules with a capacity of up to 700W.
This facility in Ethiopia is Toyo Solar’s first overseas manufacturing plant. The company chose Ethiopia as the location due to the country’s abundant mineral resources, growing energy demand, and supportive government policies for foreign investment. Toyo Solar has emphasized that this expansion will significantly reduce production costs and improve the competitiveness of its products in the global market. For more insights on Ethiopia’s solar panel manufacturing market, you can explore the Ethiopia Solar Panel Manufacturing Market Insights Report.
Toyo Solar Ethiopia drives global expansion with increased production capacity
In addition to its Ethiopian facility, Toyo Solar is also expanding its production capacity in China. The company currently has a 4.5 GW production base in Jiangsu Province and is in the process of adding a new 3 GW facility. This expansion will bring Toyo Solar’s total production capacity to 11.5 GW, with 4 GW in Ethiopia and 7.5 GW in China.
Toyo Solar has ambitious plans for further growth. The company aims to increase its total production capacity to 25 GW by 2026, with 20 GW located in China and 5 GW in Ethiopia. This expansion is part of Toyo Solar’s strategy to strengthen its position in the global solar market and meet the rising demand for renewable energy solutions. To learn more about Toyo Solar’s future plans, check out TOYO to Build New 2 GW Solar Cell Manufacturing Plant.
Toyo Solar Ethiopia reinforces commitment to renewable energy innovation
As a leading manufacturer of solar modules, Toyo Solar is committed to providing high-quality and cost-effective solar solutions to meet the growing global demand for renewable energy. The company’s products are used in a wide range of applications, including residential, commercial, and utility-scale solar projects.
Toyo Solar’s expansion in Ethiopia is expected to not only boost the company’s production capacity but also support the local economy by creating jobs and promoting the development of the renewable energy sector in the region. To understand how Ethiopia’s energy transition is focusing on solar power, you can read more here.