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TOYO secures $185.6M US solar supply deals

Solarbytes · last updated

TOYO Co., Ltd., a Tokyo-headquartered solar manufacturing company, has announced the agreements on June 10, 2026. The company signed two master supply agreements with two major US solar energy developers. The agreements cover cumulative purchase orders of approximately $185.6 million. TOYO will supply high-efficiency solar modules for commercial and utility-scale projects. The modules will be deployed across project sites in Texas, New York and Maine. TOYO said the supply will use non-Chinese wafer sourcing channels and FEOC-compliant (Foreign Entity of Concern) manufacturing. Revenue from the purchase orders will be recognized as physical product deliveries are completed under GAAP rules.Prior to this, TOYO announced 1.5 GW Houston HJT cell facility.

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