Toyo co., ltd announces plans for a 2 gw solar cell manufacturing facility in ethiopia

Tokyo , oct. 14, 2024 /prnewswire/ -- toyo co., ltd (nasdaq: toyo) ("toyo" or the "company"), a solar solution company, is excited to announce its plan to establish a state-of-the-art solar cell manufacturing facility with an expected annual capacity of 2 gigawatts (gw). the company has signed a lease agreement for the new facility that is strategically located in hawassa, ethiopia, taking advantage of the country's favorable investment policies, tariff status, and ample hydropower supply.
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