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TOYO secures $150m solar cells contract to bolster renewable energy growth

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TOYO has signed a $150m solar cells supply contract with a leading solar module manufacturer to support production expansion in India and the United States. The company will utilize its manufacturing facilities in Vietnam and Ethiopia to produce advanced solar cells designed to enhance module efficiency and performance. This partnership strengthens TOYO’s market position and aligns with its commitment to promoting sustainable energy. Chairman and CEO Junsei Ryu called the deal a significant milestone, emphasizing…

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Transforming Delhi’s Power Grid

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Delhi’s electricity demand has surged by 20% since 2014-15, with peak load increasing by over 30%. This growth is primarily fueled by domestic consumption, which accounts for nearly 60% of the city’s total demand. With a projected population of over 20 million by 2030, Delhi is on track to become the world’s largest metropolitan city. The city’s peak electricity demand, which reached 7,700 MW in 2022, is expected to rise by 50% by 2030, hitting…