Japan’s Toyo Solar announces 2 GW panel factory in US
- Admin
- Sep 6, 2024
- 1 min read
Japan-based Toyo Solar plans to open a 2 GW solar module manufacturing plant in the United States. They aim to raise $100 million and expect a 70% return-on-investment. Toyo Solar forecasts a $0.60/W profit for a 1.4 GW production in the first 12 months of operation. They make TOPCon solar cells and plan to integrate the VSUN brand and US sales channels once mass production begins.
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