Toyota Motor North America is to build a new North American headquarters in Plano, Texas, and the company signed a five-year retail electricity contract with MP2 Energy, a full-service power company based in The Woodlands, Texas, for 100% of renewable energy solutions. The contract will encompass solar arrays and other sustainable solutions.
MP2 Energy will build a 7.75MW solar project at the new headquarters through MP2 Energy's Net Energy Billing program for the purchase of all excess solar generation. MP2 will supply Toyota with 100% renewable electricity sourced from various resources including wind and offsite solar projects in Texas.
The five-year agreement, which is different from traditional 20-year power purchase agreements, will improve Toyota’s ability to forecast its energy costs and adjust accordingly. By taking this purchase position on solar energy, Toyota is able to run the new headquarters with reliable and sustainable energy. Project management and future integration of demand response and other onsite generation are also provided by MP2 Energy.
"We are dedicated to making sure our new headquarters campus supports – even redefines – Toyota's commitment to the environment," said Kevin Butt, Regional Director, North American Environmental Division of Toyota Motor North America. "The Plano solar system will not only reduce our environmental footprint and educate team members about renewable energy, it moves us closer to Toyota's 2050 global environmental challenge to eliminate carbon emissions in all operations."
Toyota has engaged Priority Power Management to negotiate a comprehensive power purchase agreement with MP2 Energy, including the integration of a 7.75MW solar project.
Toyota’s Texas headquarters is scheduled to be completed and to open in May 2017.
