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Toledo Solar eyes expansion into Europe and Central Asia

Toledo Solar is a U.S.-based thin-film solar PV manufacturer with a supply chain sourced exclusively from North America. All of its manufacturing is based in Toledo, Ohio, but that part is about to change. KordSA, a large scale, advanced material manufacturer (a division of Sabanci Holding Group), has invested in Toledo Solar and licensed rights to open Toledo Solar factories across the European continent and Central Asia, starting with Turkey and Central Europe.

The low carbon footprint and recyclability of Toledo Solar’s frameless, all-glass, thin film, and ultra-durable solar modules were big selling point, ideal solution for the rooftops of Europe.

“KordSA is deeply committed to a sustainable life and actively pursues opportunities in the area of equipment for climate technologies. We have seen that Toledo Solar’s management philosophy and technology is a great fit to KordSA’s. We look forward to executing the plans which will be built through this strategic alliance.” said Ibrahim Ozgur Yildirim, CEO of KordSA.

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