[Solar: TOYO to build 1.5GW HJT cell facility in the US]

Published: Jun 12, 2026 16:26
Japan-headquartered TOYO plans to build a 1.5GW HJT solar cell manufacturing facility in the Houston metropolitan area of Texas, with an estimated investment of around USD 357 million. Engineering, design and procurement work are already underway, with pilot production and project completion targeted within the next 20 months. The facility will be co-located with TOYO’s existing Houston module plant, which currently has 1GW of annual capacity and is planned to expand to 2GW in 2026. TOYO said HJT provides a platform for future perovskite integration, while domestic cell production will improve efficiency, lower logistics costs and support a FEOC-compliant US supply chain. SMM believes US trade scrutiny and manufacturing incentives are accelerating localized cell capacity deployment among PV manufacturers.

Data Source Statement: Except for publicly available information, all other data are processed by SMM based on publicly available information, market communication, and relying on SMM's internal database model. They are for reference only and do not constitute decision-making recommendations.

For any inquiries or for more information, please contact: lemonzhao@smm.cn
For more information on how to access our research reports, please contact:service.en@smm.cn
Related News
[Solar: Mexico’s CFE awards around 6.71GW of PV capacity]
2 hours ago
[Solar: Mexico’s CFE awards around 6.71GW of PV capacity]
Read More
[Solar: Mexico’s CFE awards around 6.71GW of PV capacity]
[Solar: Mexico’s CFE awards around 6.71GW of PV capacity]
Mexico’s Federal Electricity Commission has awarded around 6.71GW of PV capacity in its first call for projects under mixed development schemes with private partners, making solar the dominant technology in a 7.41GW renewable energy package. The selected portfolio includes 37 renewable projects, comprising 33 solar PV projects and four wind projects, with total investment estimated at USD 7.4 billion. Awarded PV capacity was nearly double the initial 3.55GW requirement, while wind secured only around 700MW against a 2.85GW target, and no CSP projects were selected.
2 hours ago
[Solar: Bangladesh announces tax incentives to accelerate solar development]
3 hours ago
[Solar: Bangladesh announces tax incentives to accelerate solar development]
Read More
[Solar: Bangladesh announces tax incentives to accelerate solar development]
[Solar: Bangladesh announces tax incentives to accelerate solar development]
Bangladesh has announced a major policy package to accelerate solar development, including a 0% tax rate for the solar sector until 2035 and a 5% tax rebate on payments made against consumers’ solar electricity bills. The government will also reduce import duty, regulatory duty, supplementary duty and advance tax to 0% on key solar components, including inverters, lithium cells, batteries, PV modules, mounting structures, BESS, battery management systems, solar DC cables and thermal management systems. The policy aims to attract investment and support Bangladesh’s target of meeting 20% of electricity demand from renewables by 2030 and 30%-50% from clean energy by 2050.
3 hours ago
[Solar: Chile’s 2026/01 power tender signals stronger demand for solar-plus-storage]
3 hours ago
[Solar: Chile’s 2026/01 power tender signals stronger demand for solar-plus-storage]
Read More
[Solar: Chile’s 2026/01 power tender signals stronger demand for solar-plus-storage]
[Solar: Chile’s 2026/01 power tender signals stronger demand for solar-plus-storage]
Chile’s National Energy Commission has approved the preliminary terms for the 2026/01 national and international power supply tender, with a total volume of 2,835GWh per year under 15-year contracts. Although the tender is technology-neutral, it restricts eligible backup sources by excluding coal, petroleum coke, diesel and No. 6 fuel oil as primary fuels, while allowing storage systems to support contracted supply. The tender is divided into time-of-day blocks, with the daytime band aligned with peak solar generation accounting for the largest share, while the evening peak creates additional opportunities for solar-plus-storage projects.
3 hours ago