Toyo announces $240 million in module supply agreements ahead of Texas factory ribbon cutting

Toyo Co., Ltd. announced binding module supply agreements with multiple U.S. offtakers worth approximately $240 million, with the modules to be manufactured at its Humble, Texas facility for utility-scale, commercial and industrial, community solar and data-center projects. The company will hold a ribbon cutting on Oct. 6 for the start of work on its 1.5 GW HJT solar cell plant and full-scale operation of its co-located 2 GW module assembly facility, an event that will include a speech by U.S. Under Secretary of Commerce for Industry and Security Jeffrey Kessler.