Japanese components supplier Toyoda Gosei Co., Ltd. (a Toyota subsidiary) has concluded a virtual Power Purchase Agreement with Toyota Tsusho Corporation (the trading arm of Toyota) for the procurement of renewable energy, a contract for the direct purchase of non-fossil certificates from renewable energy power generation companies and others.
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Toyoda Gosei will make annual, long-term purchases of non-fossil certificates equivalent to 607 megawatt hours, or reduction of CO2 emissions by approximately 274 tons per year of power scheduled to be generated at a new Toyota Tsusho solar power plant and increase in its use of renewable energy.
In August 2023, Toyoda Gosei brought forward to 2030, the timing for achieving carbon neutraliy in the CO2 emissions generated in its production and other activities (Scope 1 and 2).
It is accelerating its energy savings from production technology innovations and daily kaizen and its switch to renewable energy for electric power.
In the latter, the company is also using solar power generated on-site, green energy, and renewable energy certificates to achieve the best combination of diverse means to increase its use of renewable energy.
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