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October 15,2024

TOYO Announces 2GW Solar Cell Plant in Ethiopia

TOYO, a Japanese solar solutions firm, plans to build a 2GW solar cell manufacturing facility in Hawassa, Ethiopia, with a $60 million investment. The site, covering 31,500m², leverages Ethiopia's favorable investment policies and hydropower resources. Construction begins in November 2024, aiming for production by Q1 2025, and enhancing TOYO's supply chain efficiency.

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