TOYO Commences Production in its 2GW Solar Cell Facility in Ethiopia
TOYO (Nasdaq: TOYO) has initiated production at its new 2GW solar cell facility in Ethiopia in early April 2025. The company plans to deliver over 80 MW of solar cells to customers by April's end, with production expected to reach 150-200 MW monthly by May-June 2025.
Due to strong customer demand and requirements from its Houston Texas module facility, TOYO announced plans to expand the Ethiopian plant's nameplate capacity to 4GW. This expansion aligns with the company's strategy to enhance its global solar manufacturing presence and meet growing renewable energy demand.
TOYO (Nasdaq: TOYO) ha avviato la produzione presso il suo nuovo stabilimento per celle solari da 2 GW in Etiopia all'inizio di aprile 2025. L'azienda prevede di consegnare oltre 80 MW di celle solari ai clienti entro la fine di aprile, con una produzione mensile stimata tra 150 e 200 MW da maggio a giugno 2025.
Grazie alla forte domanda da parte dei clienti e alle esigenze del suo impianto di moduli a Houston, Texas, TOYO ha annunciato l'intenzione di espandere la capacità nominale dello stabilimento etiope fino a 4 GW. Questa espansione è in linea con la strategia dell'azienda di rafforzare la propria presenza globale nella produzione di energia solare e di soddisfare la crescente domanda di energie rinnovabili.
TOYO (Nasdaq: TOYO) inició la producción en su nueva planta de celdas solares de 2 GW en Etiopía a principios de abril de 2025. La compañía planea entregar más de 80 MW de celdas solares a los clientes para finales de abril, con una producción mensual esperada de 150 a 200 MW entre mayo y junio de 2025.
Debido a la alta demanda de los clientes y a los requerimientos de su planta de módulos en Houston, Texas, TOYO anunció planes para ampliar la capacidad nominal de la planta etíope a 4 GW. Esta expansión está alineada con la estrategia de la empresa para fortalecer su presencia global en la fabricación solar y satisfacer la creciente demanda de energías renovables.
TOYO(나스닥: TOYO)는 2025년 4월 초 에티오피아에 위치한 새로운 2GW 태양광 셀 공장에서 생산을 시작했습니다. 회사는 4월 말까지 고객에게 80MW 이상의 태양광 셀을 공급할 계획이며, 2025년 5월에서 6월 사이에는 월 150~200MW의 생산량을 목표로 하고 있습니다.
강한 고객 수요와 텍사스 휴스턴 모듈 공장의 요구에 따라 TOYO는 에티오피아 공장의 명목 용량을 4GW로 확장할 계획을 발표했습니다. 이번 확장은 회사의 글로벌 태양광 제조 역량을 강화하고 증가하는 재생 에너지 수요에 부응하기 위한 전략과 일치합니다.
TOYO (Nasdaq : TOYO) a lancé la production dans sa nouvelle usine de cellules solaires de 2 GW en Éthiopie début avril 2025. L'entreprise prévoit de livrer plus de 80 MW de cellules solaires à ses clients d'ici la fin avril, avec une production mensuelle attendue entre 150 et 200 MW en mai-juin 2025.
En raison d'une forte demande client et des exigences de son usine de modules à Houston, Texas, TOYO a annoncé son intention d'étendre la capacité nominale de l'usine éthiopienne à 4 GW. Cette expansion s'inscrit dans la stratégie de l'entreprise visant à renforcer sa présence mondiale dans la fabrication solaire et à répondre à la demande croissante en énergies renouvelables.
TOYO (Nasdaq: TOYO) hat Anfang April 2025 die Produktion in seiner neuen 2GW Solarzellenfabrik in Äthiopien aufgenommen. Das Unternehmen plant, bis Ende April über 80 MW Solarzellen an Kunden zu liefern, mit einer erwarteten monatlichen Produktion von 150 bis 200 MW im Mai und Juni 2025.
Aufgrund der starken Kundennachfrage und Anforderungen seiner Modulfertigung in Houston, Texas, kündigte TOYO Pläne an, die Nennleistung der äthiopischen Anlage auf 4GW zu erweitern. Diese Erweiterung entspricht der Strategie des Unternehmens, seine globale Präsenz in der Solarproduktion auszubauen und der wachsenden Nachfrage nach erneuerbaren Energien gerecht zu werden.
- Initial production capacity of 2GW with planned expansion to 4GW
- Secured customer orders of 80MW for April 2025 delivery
- Monthly production capacity to reach 150-200MW by June 2025
- Strategic expansion driven by strong external demand
- None.
Following the initial deliveries, TOYO plans to ramp up operations significantly. By May and June 2025, the new Ethiopian plant is expected to be fully operational, with a monthly production capacity of 150 to 200 MW. The company recently announced that it is expanding its nameplate capacity at this location to 4GW based on robust external customer demand and the internal needs of its new module facility in
TOYO's entry into
"We are very positive about the strong demand we are seeing in the market and are working diligently to execute the additional 2GW expansion in
About TOYO Co., Ltd.
TOYO is a solar solutions company that is committed to becoming a full-service solar solutions provider in the global market, integrating the upstream production of wafers and silicon, midstream production of solar cells, downstream production of photovoltaic modules, and potentially other stages of the solar power supply chain. TOYO is well-positioned to produce high-quality solar cells at a competitive scale and cost.
Forward-Looking Statements
This press release includes "forward-looking statements" within the meaning of the "safe harbor" provisions of the United States Private Securities Litigation Reform Act of 1995. Forward-looking statements may be identified by the use of words such as "estimate," "plan," "project," "forecast," "intend," "will," "expect," "anticipate," "believe," "seek," "target" or other similar expressions that predict or indicate future events or trends or that are not statements of historical matters. These forward-looking statements include but are not limited to, statements regarding the expected growth of TOYO, the expected order delivery of TOYO products, TOYO's construction plan for new facilities and anticipated commencement of production. These statements are based on various assumptions, whether or not identified in this press release, and on the current expectations of TOYO's management and are not predictions of actual performance.
These statements involve risks, uncertainties, and other factors that may cause actual results, levels of activity, performance, or achievements to be materially different from those expressed or implied by these forward-looking statements. Although TOYO believes that it has a reasonable basis for each forward-looking statement contained in this press release, TOYO caution you that these statements are based on a combination of facts and factors currently known and projections of the future, which are inherently uncertain. In addition, there are risks and uncertainties described in the documents filed by TOYO from time to time with the SEC. These filings may identify and address other important risks and uncertainties that could cause actual events and results to differ materially from those contained in the forward-looking statements.
TOYO cannot assure you that the forward-looking statements in this press release will prove to be accurate. These forward-looking statements are subject to several risks and uncertainties, including, among others, the outcome of any potential litigation, government or regulatory proceedings, the sales performance of TOYO, and other risks and uncertainties, including but not limited to those included under the heading "Risk Factors" of the filings of TOYO with the SEC. There may be additional risks that TOYO does not presently know or that TOYO currently believes are immaterial that could also cause actual results to differ from those contained in the forward-looking statements. In light of the significant uncertainties in these forward-looking statements, nothing in this press release should be regarded as a representation by any person that the forward-looking statements set forth herein will be achieved or that any of the contemplated results of such forward-looking statements will be achieved. The forward-looking statements in this press release represent the views of TOYO as of the date of this press release. Subsequent events and developments may cause those views to change. However, while TOYO may update these forward-looking statements in the future, there is no current intention to do so except to the extent required by applicable law. You should, therefore, not rely on these forward-looking statements as representing the views of TOYO as of any date subsequent to the date of this press release. Except as may be required by law, TOYO does not undertake any duty to update these forward-looking statements.
Contact Information:
For TOYO Co., Ltd.
IR@toyo-solar.com
Crocker Coulson
Email: crocker.coulson@aummedia.org
Tel: (646) 652-7185
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SOURCE TOYO Co., Ltd
FAQ
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