Clearway Signs Second Clean Power Contract with Toyota

Rhea-AI Summary

Clearway Energy Group has signed a virtual power purchase agreement (VPPA) with Toyota Motor North America (TM) to support its 100 MW Wildflower Solar project in Mississippi. Toyota will purchase 80 MW of renewable electricity, replacing high-emission sources in its operations, and aims for net-zero goals. The project is set to begin operations in 2023 and is expected to generate power for approximately 16,500 homes annually. This agreement follows a previous contract for the Black Rock wind farm in West Virginia, enhancing Toyota's renewable energy initiatives.

Positive

• Toyota will purchase 80 MW of renewable electricity, equating to 8% of its North American energy use.
• The Wildflower project is expected to create hundreds of jobs and contribute $10 million in tax revenues to DeSoto County.
• The initiative supports Toyota's commitment to renewable energy and carbon neutrality, following its Environmental Challenge 2050 goals.

Negative

• None.

SAN FRANCISCO, Sept. 22, 2021 /PRNewswire/ -- Clearway Energy Group (Clearway) announced today that it has signed a virtual power purchase agreement (VPPA) with Toyota Motor North America (TMNA) 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, 80 MW, to replace the high emission electricity used in its operations with zero emissions renewable electricity on the grid. Wildflower is scheduled to begin operations in 2023 and is located in proximity to Toyota's manufacturing facility within the state.

The Wildflower project marks the second VPPA between Clearway and Toyota in as many years, building upon the agreement that TMNA signed for the Black Rock wind farm now nearing completion in Grant County, West Virginia. That project is also located near another of Toyota's manufacturing facilities.

"We are excited to once again partner with Toyota to support their ambitious net-zero goals," said Valerie Wooley, vice president of origination at Clearway. "Additionally, we're as equally excited to be partnering with them again in the local communities where we work and live, helping create healthier communities and growing the local economy."

The Wildflower VPPA portion Toyota will purchase is expected to generate electric power equal to approximately 8% of what Toyota takes off the grid for its domestic energy use in North America.

"Toyota continues to aggressively shift to renewable energy sources for our operations while also working to improve the lives of the people in communities where we work and live, all a part of our efforts toward carbon neutrality," said Kevin Butt, regional environmental sustainability director at Toyota Motor North America.

The Wildflower project adds to other solar and wind projects and VPPAs that Toyota has pursued to accomplish one of its global Environmental Challenge 2050 goals – to eliminate all carbon emissions from its operations. Toyota Motor Corporation issued the challenge as a set of six goals where the ultimate goal is achieving a positive net impact on society. Separate from the VPPA signed this time with Clearway, Toyota has shown its commitment to renewable energy with on-site solar energy generation and has been identified as one of the top 20 corporate users of installed onsite solar capacity in the U.S., according to the Solar Energy Industries Association.

During peak construction, Wildflower will create hundreds of jobs and generate millions of dollars in spending in the local community. The site will also utilize several permanent operations and maintenance jobs. During the life of the project, Wildflower Solar will provide $10 million to DeSoto County through tax revenues, supporting area public services as well as an additional nearly $14 million for Mississippi public schools. The project will generate enough clean energy to power nearly 16,500 homes each year.

About Clearway Energy Group 

Clearway Energy Group is leading the transition to a world powered by clean energy. Along with our public affiliate Clearway Energy, Inc., we own and operate over 7.5 gigawatts of renewable and conventional energy assets across the country. As we develop a nationwide pipeline of new renewable energy projects for the future, Clearway's more than 5 gigawatts of wind, solar, and energy storage assets offset the equivalent of nearly 8.8 million metric tons of carbon emissions for our customers today. Clearway Energy Group is headquartered in San Francisco, CA with offices in Carlsbad, CA; Scottsdale, AZ; Houston, TX; and Princeton, NJ. For more information, visit clearwayenergygroup.com.

About Toyota

Toyota (NYSE:TM), creator of the Prius hybrid and the Mirai fuel cell vehicle, is committed to building vehicles for the way people live through our Toyota and Lexus brands. Over the past 60 years, we've built more than 40 million cars and trucks in North America, where we have 14 manufacturing plants, 15 including our joint venture in Alabama (10 in the U.S.), and directly employ more than 47,000 people (over 36,000 in the U.S.). Our 1,800 North American dealerships (nearly 1,500 in the U.S.) sold more than 2.4 million cars and trucks (more than 2.1 million in the U.S.) in 2020.

Media Contacts:
Art Sasse
(Interim) Director, Communications
503-453-0051
art.sasse@clearwayenergy.com

Aaron Fowles
Mobility Communications
310-561-2321
aaron.fowles@toyota.com

 

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SOURCE Toyota Motor North America

FAQ

What is the virtual power purchase agreement between Toyota (TM) and Clearway?

Toyota signed a VPPA with Clearway to purchase 80 MW of electricity from the Wildflower Solar project in Mississippi.

When is the Wildflower Solar project scheduled to begin operations?

The Wildflower Solar project is set to begin operations in 2023.

How much of Toyota's energy needs will the Wildflower project cover?

The Wildflower project will cover approximately 8% of Toyota's energy needs in North America.

What are the expected benefits of the Wildflower Solar project for the local community?

The project is expected to create hundreds of jobs and generate $10 million in tax revenues for DeSoto County.

How does the Wildflower project align with Toyota's sustainability goals?

The project supports Toyota's efforts to achieve carbon neutrality and aligns with their Environmental Challenge 2050 goals.