TOYO Co. Plans 2GW Solar Cell Manufacturing Facility in Ethiopia

Post Views: 650 TOYO Co. Major Investment in Solar EnergyTOYO Co., Ltd. (Nasdaq: TOYO) has announced its ambitious plan to establish a cutting-edge solar cell manufacturing facility in Hawassa, Ethiopia, with an expected annual capacity of 2 gigawatts (GW). The project represents an estimated investment of $60 million, which will be financed through internal resources and pre-payments. Strategic Location and TimelineThe new facility will occupy a 31,500 m² space in Hawassa, chosen for its advantageous investment policies, tariff exemptions, and abundant hydropower supply. TOYO aims to begin fi...