Toyoda Gosei Co., Ltd. achieved the company’s medium-term target to increase renewable energy use to 20% by FY2025 at its locations in Japan.

The Japanese manfacturer switched to electricity derived from renewable energy sources for part of the electricity used at the company’s Inazawa Plant, which produces interior and exterior plastic and rubber automotive parts, according to a statement. 

In December 2024, Toyoda Gosei concluded an offsite power purchase agreement (PPA) with Chubu Electric Power Miraiz Co., Inc. for the provision of renewable energy. The energy for this agreement will be produced at a new power plant located off of Toyoda Gosei’s grounds. In this agreement, Toyoda Gosei will purchase 1,629 megawatt-hours of renewable energy annually for 20 years from a floating solar power plant in Mie Prefecture that is scheduled to begin operation in June 2025. The amount is equivalent to an annual reduction of CO2 emissions by about 740 tons. 

In May 2024, Toyoda Gosei Co., Ltd. concluded a virtual power purchase agreement with Toyota Tsusho Corporation for the procurement of renewable energy and a contract for the direct purchase of non-fossil certificates from renewable energy power generation companies.

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.

The company aims to use 100% renewable energy within Japan by 2030 through a combination of purchasing green energy and non-fossil certificates and installing its own solar power generation facilities.