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Friday, 3 April 2020, 16:30 HKT/SGT
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Source: Toyota Motor Corporation
Toyota Green Energy Established to Conduct Renewable Energy Power Generation Business

Toyota City, Japan, Apr 3, 2020 - (JCN Newswire) - Toyota Motor Corporation, Chubu Electric Power Co., Inc., and Toyota Tsusho Corporation concluded an agreement today to establish Toyota Green Energy LLP for the purposes of obtaining and managing renewable energy sources in Japan and supplying electric power from renewable energy sources to the Toyota Group in the future.

Toyota aspires to move toward a society where people, automobiles, and nature can coexist in harmony. Under Toyota Environmental Challenge 2050, Toyota plans to reduce the environmental impact from automobiles to as close to zero as possible and at the same time engage in activities that contribute to the global environment and society. The clean energy to be supplied through this business is expected to reduce CO2 emissions from plants and other facilities to zero in the future and to contribute to the realization of a low-carbon society.

Chubu Electric Power has been increasing the use of renewable energy in its drive to expand the scope of ESG management and contribute to resolving issues relating to SDGs. By participating as a business partner in the activities of the Toyota Group to create a low-carbon society, the company will contribute to improving Japan's energy self-sufficiency rate and reducing CO2 emissions.

Toyota Tsusho has engaged in the renewable energy business for more than 30 years, from development to operation of power stations, with a focus on wind power and solar power generation. The company plans to make use of its expertise in management of such business in this project in order to foster the transition to a low-carbon society.

Going forward, Toyota Green Energy will achieve sustainable and competitive energy by maintaining sustainable practices through cost reductions and extending the lifespans of and replacing existing facilities.

About Toyota Motor Corporation

Toyota Motor Corporation (TMC) is the global mobility company that introduced the Prius hybrid-electric car in 1997 and the first mass-produced fuel cell sedan, Mirai, in 2014. Headquartered in Toyota City, Japan, Toyota has been making cars since 1937. Today, Toyota proudly employs 370,000 employees in communities around the world. Together, they build around 10 million vehicles per year in 29 countries, from mainstream cars and premium vehicles to mini-vehicles and commercial trucks, and sell them in more than 170 countries under the brands Toyota, Lexus, Daihatsu and Hino. For more information, please visit www.toyota-global.com.

Source: Toyota Motor Corporation

Topic: Press release summary
Sectors: Automotive, Energy, Alt. Energy
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