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TOYO to build 2GW solar cell manufacturing facility in Ethiopia

Global, News

Japanese firm TOYO has announced plans to build a 2GW solar cell manufacturing facility in Hawassa, Ethiopia, with an estimated investment of $60 million. The facility will be developed on a 31,500m² site, with construction set to begin in November 2024 and production expected by the end of Q1 2025. The project will create up to 880 jobs in manufacturing and engineering. Ethiopia’s favourable investment policies and tariff exemptions, along with its reliance on green…

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Global Renewable Energy Statistics

Analysis, Data Insights

Renewable Energy Capacity and Production (On-Grid and Off-Grid) In 2023, total global renewable energy capacity reached 3,864,522 MW, up from 1,698,295 MW in 2014, a more than twofold increase. Africa has also experienced growth, with a capacity of 62,066 MW in 2023, up from 32,511 MW in 2014. Countries like Angola, Ethiopia, and South Africa have led this surge, each achieving notable renewable capacity expansions. Angola, for example, expanded from 1,020 MW in 2014 to…

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China to host summit to increase clean tech exports to African nations

Global, News

Chinese President Xi Jinping will host the ninth Forum on China-African Cooperation Summit on August 4, aiming to encourage the 50 African nations in attendance to purchase more of China’s renewable energy technologies, according to Reuters. In return, China pledges to increase loans and investments across the continent, focusing on green energy. China is keen to expand its green energy tech exports, especially for electric vehicles (EVs) and solar panels, before Western tariffs come into…