Toyo signs $240M module supply agreements with U.S. offtakers
Type: Supply Agreement · Technology: Solar · Country: United States · Value: $240M · Announced: 2026-09-28
Japanese solar manufacturer TOYO Co., Ltd. has signed binding module supply agreements with multiple U.S. offtakers, representing an aggregate value of approximately $240 million. The modules will be manufactured at the company's Texas facility and are designated for utility-scale power generation, commercial and industrial projects, community solar, and data-center applications. The agreements mark a transition for TOYO from building manufacturing capacity to converting that capacity into contracted business. The company stated that customers are increasingly seeking U.S.-manufactured products backed by secure, diversified supply chains.
Analysis
Japanese solar manufacturer TOYO Co., Ltd. signed binding module supply agreements with multiple U.S. offtakers for an aggregate value of approximately $240 million, with modules to be produced at its Texas facility for utility‑scale, commercial and industrial, community solar and data‑center projects. The offtakers are U.S.-based customers that will receive the modules under the agreements. The agreements were announced on September 28, 2026 and are binding supply contracts covering the specified applications.
Key points
- $240 million aggregate contract value
- Announced on September 28, 2026
- Modules to be manufactured at TOYO's Texas facility
- Supply covers utility‑scale, commercial and industrial, community solar and data‑center applications
- Multiple U.S. offtakers as customers
Counterparties
- TOYO Co., Ltd (Supplier)
- U.S. offtakers (Offtaker)
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