Toyota Signs Agreement With Savion To Offtake 100 MW Of Electricity To Be Generated By Project
Portfolio Pulse from Happy Mohamed
Toyota Motor North America has signed a virtual power purchase agreement with Savion to offtake 100 MW of electricity generated by the Martin County Solar Project. The project is converting a former coal mine in Kentucky into a solar photovoltaic energy facility, with construction starting in mid-2023 and commercial operation expected in 2024.
May 24, 2023 | 12:06 pm
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Toyota's agreement with Savion to offtake 100 MW of electricity from the Martin County Solar Project will help reduce the company's carbon footprint and support its goal of carbon neutrality by 2035.
The agreement with Savion will help Toyota reduce its carbon footprint and move towards its goal of carbon neutrality by 2035. The 100 MW of electricity will be used primarily in North America, where Toyota has its largest vehicle manufacturing plant. This partnership demonstrates Toyota's commitment to environmental sustainability and is likely to have a positive impact on its stock price in the short term.
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