Japan-based TOYO Co., Ltd has acquired Solar Plus Technology Texas LLC. The Houston facility will produce 2.5 GW of solar modules by the end of 2025, with plans to expand to 6.5 GW by 2029. This acquisition supports TOYO’s “made-in-America” initiative, addressing US solar panel demand and local content requirements. With $19.96 million allocated for Phase 1 construction, the project builds on TOYO’s global manufacturing presence in Vietnam and Ethiopia.
TOYO to manufacture 2.5 GW solar modules in Texas
The Houston-based facility will start producing 1 GW of solar modules by mid-2025, expanding to 2.5 GW by year-end. (Image Credit/Source: Andreas160578/Pexels)
Emeren now operates 272 MW of PV assets and 35 MWh of storage, further strengthening its renewable portfolio. (Image Credit/Source: SOLARbytes/Emeren)
This sale aligns with JERA’s strategy to refine its renewable energy portfolio and Gunkul’s local energy expansion. (Image Source: SOLARbytes)
More than 80 long-term investors, including Australian and Asian entities, participated in the green bond issuance. (Image Credit/Source: Pixabay/ Pexels)
The Federal Ministry supports German start-ups with the Young Innovators package for showcasing at the event. (Image Source: The Smarter E Europe)