https://en.sputniknews.africa/20241016/japans-company-toyo-to-build-solar-cell-factory-in-ethiopia-to-avoid-us-tariffs-war-1068713617.html
Japan's Company Toyo to Build Solar Cell Factory in Ethiopia to Avoid US Tariffs War
Japan's Company Toyo to Build Solar Cell Factory in Ethiopia to Avoid US Tariffs War
Sputnik Africa
Ethiopia develops several projects that are related to the use of renewable and nonrenewable natural resources. Foremost, the Grand Ethiopian Renaissance Dam... 16.10.2024, Sputnik Africa
2024-10-16T16:36+0200
2024-10-16T16:36+0200
2024-10-16T18:40+0200
sub-saharan africa
east africa
ethiopia
japan
united states (us)
solar power plant
production
energy
asia
southeast asia
https://cdn1.img.sputniknews.africa/img/07e7/0a/0f/1062814719_0:160:3072:1888_1920x0_80_0_0_f4ac8d200ddb4ad5ff672edc678198a8.jpg
Japanese company Toyo plans to build a 2-gigawatt solar cell factory in Hawassa, Ethiopia, amid concerns over new US tariffs on solar panels from four Southeast Asian countries, the media reported, citing Junsei Ryu, CEO of the company. The main goal of the project, according to Ryu, is to meet the needs of the module facility to be built in the US. Nowadays, Toyo produces its solar products in Vietnam.According to the report, the estimated investment for Toyo's project is about $60 million, and the new facility is expected to create up to 880 job vacancies. The plant is anticipated to start production in 2025.The US imposed tariffs on solar equipment manufactured in four Asian countries - Malaysia, Vietnam, Thailand, and Cambodia. Manufacturers in these countries receive subsidies that hinder the promotion of American domestic production of green energy, the US solar market players reportedly claim.In July, the Foundation of Sustainable Development Africa report highlighted the potential for millions of skilled jobs in sectors like renewable energy, e-mobility, construction, and manufacturing. The study focused on five key countries – the Democratic Republic of Congo, Ethiopia, Kenya, Nigeria, and South Africa – which are expected to account for over 20% of the continent's green job growth.
https://en.sputniknews.africa/20240910/namibias-nampower-partneres-with-chinese-firms-to-build-african-countrys-largest-solar-power-plant-1068219389.html
east africa
ethiopia
japan
united states (us)
asia
southeast asia
Sputnik Africa
feedback@sputniknews.com
+74956456601
MIA „Rossiya Segodnya“
2024
News
en_EN
Sputnik Africa
feedback@sputniknews.com
+74956456601
MIA „Rossiya Segodnya“
Sputnik Africa
feedback@sputniknews.com
+74956456601
MIA „Rossiya Segodnya“
east africa, ethiopia, japan, united states (us), solar power plant, production, energy, asia, southeast asia, tax evasion, sanctions, us sanctions
east africa, ethiopia, japan, united states (us), solar power plant, production, energy, asia, southeast asia, tax evasion, sanctions, us sanctions
Japan's Company Toyo to Build Solar Cell Factory in Ethiopia to Avoid US Tariffs War
16:36 16.10.2024 (Updated: 18:40 16.10.2024) Ethiopia develops several projects that are related to the use of renewable and nonrenewable natural resources. Foremost, the Grand Ethiopian Renaissance Dam on the Blue Nile, which Addis Ababa considers crucial for its economic development.
Japanese company Toyo plans to build a 2-gigawatt solar cell factory in Hawassa, Ethiopia, amid concerns over new US tariffs on solar panels from four Southeast Asian countries, the media reported, citing Junsei Ryu, CEO of the company.
The main goal of the project, according to Ryu, is to meet the needs of the module facility to be built in the US. Nowadays, Toyo produces its
solar products in Vietnam.
"Establishing this manufacturing plant is a key step in our strategic vision to diversify our supply chain and enhance our sourcing capabilities for solar solutions in the global market," Ryu said.
According to the report, the estimated investment for Toyo's project is about $60 million, and the new facility is expected to create up to 880 job vacancies. The plant is anticipated to start production in 2025.
The US imposed tariffs on solar equipment manufactured in four Asian countries - Malaysia, Vietnam, Thailand, and Cambodia. Manufacturers in these countries receive subsidies that hinder the promotion of American domestic production of green energy, the US solar market players reportedly claim.
In July, the Foundation of Sustainable Development Africa report highlighted the potential for millions of skilled jobs in sectors like
renewable energy, e-mobility, construction, and manufacturing. The study focused on five key countries – the Democratic Republic of Congo, Ethiopia, Kenya, Nigeria, and
South Africa – which are expected to account for over 20% of the continent's green job growth.
