On Our Way to 100% Renewable Electricity

TMNA aims to make all facilities carbon neutral by 2035.¹ Carbon neutral means we aim to reduce our Scope 1 and 2 emissions to the greatest extent possible, then rely on offsets, if necessary, to get us to zero GHG emissions. To help achieve this aim and address climate change, we invest in a combination of on- and off-site renewable energy projects.

During FY2023, TMNA purchased 159,970 MWh of renewable electricity, which equates to 8.3% of total electricity use. This percentage is expected to increase significantly in FY2024 and FY2025 as more virtual power purchase agreements and other renewable electricity contracts come online.

For example:

• Toyota’s engine plant in Alabama is partnering with Huntsville Utilities and Toyota Tsusho America, Inc. (TAI) in a power purchase agreement (PPA) to support a 168-acre, $49 million solar project that is expected to generate 62,000 MWh of clean, renewable electricity annually. The 30-megawatt system will be located in the North Huntsville Industrial Park near the Toyota engine plant and is scheduled to begin generating solar energy in 2024.
• TMNA signed a VPPA to support Clearway’s 100 MW Wildflower Solar project in DeSoto County, Mississippi. Toyota will purchase the majority of the electricity the project will generate, approximately 80 MW, enough to match the high emission electricity used in its operations with zero emissions renewable electricity on the grid. Wildflower is scheduled to begin operations in mid-2024 and is located in proximity to Toyota’s manufacturing facility within the state.
• TMNA has agreed to offtake 100 megawatts of the electricity generated as part of renewable energy company Savion’s Martin County Solar Project through a virtual power purchase agreement (VPPA). The project is converting the former Martiki Coal Mine, a brownfield site in Martin County, on the border of Kentucky and West Virginia, into a new  solar photovoltaic energy facility. Once an active coal mine on the top of a mountain that closed in the 1990s, the Martiki site has clear access to light from the sun, making it an ideal location for reclamation and the installation of solar photovoltaic panels for electricity generation. The project is expected to be under construction during 2024, with commercial operation expected in 2025.

_{[1] Toyota’s carbon milestones and statements set forth in this feature are forward-looking and relate to the manner in which Toyota intends to conduct certain of its activities based on management’s current plans and expectations. They are not promises or guarantees of future conduct or policy, and are subject to a variety of uncertainties and other factors which may make them unattainable, many of which are beyond our control, including government regulation, supplier and third-party actions, and market forces.}