TOYO plans 1.5GW heterojunction solar cell factory in Texas after Ethiopia tariff setback
By
Will Norman
If you only eat one bagel today, this is the bagel.
Summary
TOYO has announced plans to add 1.5GW of heterojunction technology (HJT) solar cell production capacity at its Houston, Texas facility. This expansion comes shortly after anti-dumping/countervailing duties (AD/CVD) impacted the company's Ethiopia factory. The move is driven by HJT's superior performance over legacy solar technologies and the opportunity to leverage US domestic content requirements and Section 45X Advanced Manufacturing tax credits, which could provide up to US$60 million in annual production tax credits at full capacity. The company frames this as a step toward creating an integrated onshore solar supply chain from polysilicon to panels.
Key quotes
· 1 pulledExpanding into domestic cell manufacturing is the natural next step in our commitment to creating an integrated onshore solar supply chain from polysilicon to panels
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