Toyo acquires 2.5GW module assembly plant in Texas

Facebook
Twitter
LinkedIn
Reddit
Email
A Toyo Solar manufacturing facility.
The newly leased facility in Texas, US, spans 567,140 square feet and will see Toyo build a 2.5GW module assembly plant. Image: Toyo Solar.

Japanese cell and module manufacturer Toyo has acquired a facility in Texas, US, where it aims to build 2.5GW of module assembly capacity.

Through its subsidiary, Toyo Solar, the company acquired 100% of membership interests in Houston-based Solar Plus Technology Texas.

This article requires Premium SubscriptionBasic (FREE) Subscription

Try Premium for just $1

  • Full premium access for the first month at only $1
  • Converts to an annual rate after 30 days unless cancelled
  • Cancel anytime during the trial period

Premium Benefits

  • Expert industry analysis and interviews
  • Digital access to PV Tech Power journal
  • Exclusive event discounts

Or get the full Premium subscription right away

Or continue reading this article for free

The newly leased facility spans 567,140 square feet and will see the construction of a module assembly plant in different phases with plans to expand up to 6.5GW by 2029.

Construction of Phase 1 has been completed and parts of the equipment are scheduled to arrive by early 2025. By mid-2025, Toyo aims to start production of 1GW of annual nameplate module assembly capacity, before ramping up to 2.5GW by the end of 2025.

Nearly US$20 million – through a capital contribution from one of its subsidiaries, Toyo Holdings, – will be invested in the construction of the first phase of the manufacturing plant in Texas.

The expansion to US solar manufacturing was announced last September during its first-half financial results. At the time, Toyo unveiled plans to build a 2GW module assembly plant with a US$100 million investment. The company also expected to produce solar cells in the US in the first half of 2026.

“This acquisition marks a significant step in TOYO’s strategy to establish a manufacturing footprint in the U.S., complementing our current manufacturing presence in Vietnam and Ethiopia,” said Junsei Ryu, chairman and CEO of TOYO.

Toyo announced plans to build a 2GW solar cell production plant in Ethiopia last month. Construction is expected to start this month and production is set to begin at the end of the first quarter of 2025.

Cells produced at the Hawassa plant in Ethiopia will provide capacity for the company’s US module assembly plant. Construction of the African cell plant is estimated to cost US$60 million, which will be financed through internal resources and pre-payments.

“Our strategy is to supply end customers with solar solutions that are technologically advanced, highly reliable, and cost competitive. We are committed to building a robust global solar supply chain structure that efficiently and competitively serves the US market and other regions, adapting to a dynamic policy environment,” added Ryu.

Read Next

October 2, 2025
The Indian solar industry has 86GW and 182GW of solar cell and module manufacturing capacity, respectively, expected to be commissioned by 2027.
September 25, 2025
Spanish renewables developer X-Elio has commissioned its first solar-plus-storage project in the US, which comprises of 72MW solar PV.
September 25, 2025
A Fraunhofer and SolarPower Europe study has concluded that reaching the EU's annual solar module manufacturing target of 30GW is achievable.
September 19, 2025
Spanish oil major Repsol has started commercial operations at its 629MW Outpost solar facility located in Webb County, Texas near Laredo. 
September 17, 2025
US renewables developer Longroad Energy has reached financial close for its 400MW 1000 Mile solar project in the US state of Texas.
September 11, 2025
US cell manufacturer ES Foundry is proceeding with expansion plans despite a six-month delay due to recent trade and tax credit policy uncertainties.

Subscribe to Newsletter

Upcoming Events

Solar Media Events
October 7, 2025
Manila, Philippines
Solar Media Events
October 7, 2025
San Francisco Bay Area, USA
Solar Media Events
October 21, 2025
New York, USA
Solar Media Events
November 25, 2025
Warsaw, Poland