By:Zawya

("TOYO" or the "Company"), a solar solution company, was honoured to host His Excellency Abiy Ahmed Ali, Prime Minister of Ethiopia, at its state-of-the-art solar cell production facility in Phu Tho Province on the morning of April 15, 2025. The Prime Minister was accompanied by a high-ranking ministerial delegation and Mr. Nguyen Manh Son, Vice Governor of Phu Tho Province. Representing TOYO's parent company, Abalance Group, Mr. Lewis Cai, Executive Vice President, warmly welcomed the delegation.

During the visit, Prime Minister Abiy Ahmed toured TOYO's cutting-edge intelligent solar cell production line and commended the company's achievements in technological innovation and its extensive global footprint in the photovoltaic sector. The Prime Minister emphasized the critical role of renewable energy in Ethiopia's energy transition and expressed strong support for accelerating the second-phase expansion of TOYO's solar cell production facility in Ethiopia.

TOYO is currently expanding its Ethiopian facility in Hawassa from an existing 2 GW capacity to 4 GW. This expansion is poised to meet growing global demand for high-performance solar cells and aligns with Ethiopia's commitment to sustainable energy development. The project is scheduled for completion by July 2025, with production expected to commence by August 2025.

Prime Minister Abiy Ahmed also extended an invitation to Abalance Group to deepen its involvement in Ethiopia's renewable energy sector by participating in the development of photovoltaic power plants. This initiative aims to enhance strategic cooperation between Ethiopia and TOYO, foster large-scale adoption of clean energy technologies, and advance Ethiopia's national green energy goals.

"TOYO remains dedicated to advancing clean energy solutions worldwide by delivering innovative solutions and establishing a robust supply chain that supports renewable energy adoption worldwide. Our partnership with Ethiopia underscores our commitment to sustainability and growth, leveraging advanced research, cutting-edge technology, and industrial expertise," said Mr. Junsei Ryu, Chairman and CEO of the Company.