TOKYO, Nov. 26, 2024 /PRNewswire/ -- TOYO Co., Ltd (Nasdaq: TOYO) ("TOYO" or the "Company"), a solar solution company, is pleased to announce the execution of a significant contract valued at $150 million to supply high efficiency solar cells to a prominent solar module manufacturer. This landmark agreement underscores the Company's commitment to advancing sustainable energy and supporting the global transition towards renewable resources.
Under the terms of the agreement, TOYO will deliver its cutting-edge solar cells to support the customer's expanding solar module production both in India and in the U.S. The contract will enable TOYO to leverage its state-of-the-art manufacturing capabilities and innovative technologies both in Vietnam and Ethiopia to deliver premium solar cells that enhance the efficiency and performance of solar modules.
"We are excited to partner with a highly respected player in the solar industry," said Mr. Junsei Ryu, CEO and Chairman of TOYO. "This contract marks a major milestone for positioning TOYO as a key supplier in the solar energy market. Our advanced solar cells are designed to deliver superior efficiency and performance, helping our customer meet their sustainability goals and drive the adoption of solar energy worldwide."
This opportunity not only allows TOYO to expand its production capabilities but also reinforces its mission to provide high-quality solar products that meet the evolving needs of our customers. The agreement is expected to yield significant benefits, including increased capacity for production and a strengthened market position.
About TOYO Co., Ltd.
TOYO is a solar solutions company that is committed to becoming a full-service solar solutions provider in the global market, integrating the upstream production of wafers and silicon, midstream production of solar cells, downstream production of photovoltaic modules, and potentially other stages of the solar power supply chain. TOYO is well-positioned to produce high-quality solar cells at a competitive scale and cost.
东京，2024年11月26日 /PRNewswire/ — 太阳能解决方案公司东洋有限公司（纳斯达克股票代码：TOYO）（“东洋” 或 “公司”）欣然宣布执行一项价值1.5亿美元的重要合同，向一家知名的太阳能组件制造商供应高效太阳能电池。这项具有里程碑意义的协议凸显了公司对推进可持续能源和支持全球向可再生资源过渡的承诺。
根据协议条款，东洋将交付其尖端的太阳能电池，以支持客户扩大印度和美国的太阳能组件产量。该合同将使东洋能够利用其在越南和埃塞俄比亚的最先进的制造能力和创新技术，提供优质的太阳能电池，以提高太阳能组件的效率和性能。
东洋首席执行官兼董事长柳俊成表示：“我们很高兴能与太阳能行业中一位备受尊敬的参与者合作。”“该合同标志着将东洋定位为太阳能市场主要供应商的重要里程碑。我们先进的太阳能电池旨在提供卓越的效率和性能，帮助我们的客户实现其可持续发展目标并推动太阳能在全球的采用。”
这个机会不仅使东洋能够扩大其生产能力，而且还加强了其提供高质量太阳能产品以满足客户不断变化的需求的使命。该协议预计将产生重大好处，包括提高生产能力和加强市场地位。
关于东洋有限公司
东洋是一家太阳能解决方案公司，致力于成为全球市场提供全方位服务的太阳能解决方案提供商，整合硅片和硅的上游生产、太阳能电池的中游生产、光伏组件的下游生产，以及可能的太阳能供应链的其他阶段。东洋完全有能力以具有竞争力的规模和成本生产高质量的太阳能电池。
