US module manufacturer Toledo planning international expansion via KordSA partnership

Facebook
Twitter
LinkedIn
Reddit
Email
Founded in 2019, Toledo Solar manufactures cadmium telluride modules in the US. Image: Toledo Solar.

US module manufacturer Toledo Solar has partnered with Turkish-based material manufacturer KordSA to expand its PV manufacturing capacity across Europe and Central Asia.

KordSA, a division of Sabanci Holding Group, has invested in Toledo Solar and licensed rights to open factories in Turkey and Central Europe that will produce Toledo’s thin film modules.

This article requires Premium SubscriptionBasic (FREE) Subscription

Unlock unlimited access for 12 whole months of distinctive global analysis

Photovoltaics International is now included.

  • Regular insight and analysis of the industry’s biggest developments
  • In-depth interviews with the industry’s leading figures
  • Unlimited digital access to the PV Tech Power journal catalogue
  • Unlimited digital access to the Photovoltaics International journal catalogue
  • Access to more than 1,000 technical papers
  • Discounts on Solar Media’s portfolio of events, in-person and virtual

Or continue reading this article for free

Through the partnership, the companies expect to build factories with gigawatts of capacity to target the rooftop segment in Europe, while also expanding beyond rooftop solar to larger PV projects between 5MW-50MW, floating solar, building integrated photovoltaics (BIPV) and agrivoltaics.

The Ohio-based manufacturer continues to ramp up its manufacturing capacity after announcing that it will increase its US production capacity of cadmium telluride modules to 2.8GW by 2027 in response to the passage of the Inflation Reduction Act.

“Their [KordSA] demonstrated expertise in setting and maintaining the highest standards of operational excellence, human resource development and environmental stewardship while rapidly scaling factory deployments globally is unparalleled. This strategic partnership will provide a meaningful contribution to Europe’s drive to achieve greater energy independence and resilience,” said Aaron Bates, chairman and CEO of Toledo Solar.

The manufacturer is part of an initiative launched by the US Department of Energy earlier this year that aims to accelerate the development of cheaper, more efficient cadmium telluride solar cells.

Read Next

August 7, 2025
US-based floating solar (FPV) developer D3Energy is constructing a 6MW floating solar system in Monroeville – a village in Huron County, Ohio. 
August 7, 2025
US residential solar installer Sunrun says it has positioned itself to continue generating strong financial returns after the passing of the 'One Big, Beautiful Bill'.
August 6, 2025
The first MW-scale floating solar project in the Philippines has come online, according to solar EPC contractor Black & Veatch.
August 5, 2025
NextEnergy Capital (NEC), through NextPower V ESG, has acquired a 73MW agriPV portfolio in Campania, Italy.
Premium
August 5, 2025
Although residential solar in the US has lost its main tax credit, there is still hope that its popularity and economics could win the day.
August 1, 2025
The US Bankruptcy Court for the Southern District of Texas has approved the sale of substantially all of residential solar installer Sunnova's assets and business operations.

Subscribe to Newsletter

Upcoming Events

Solar Media Events
September 16, 2025
Athens, Greece
Solar Media Events
September 30, 2025
Seattle, USA
Solar Media Events
October 1, 2025
London, UK
Solar Media Events
October 2, 2025
London,UK
Solar Media Events
October 7, 2025
Manila, Philippines