ジャンボリーカジノ Green Energy Established to Conduct Renewable Energy Power Generation Business

  • (former)Machinery, Energy & Project

2020-04-03

ジャンボリーカジノ Motor Corporation(ジャンボリーカジノ; head office: ジャンボリーカジノ City; President and Representative Director: Akio Toyoda),Chubu Electric Power Co, Inc(Chubu Electric Power; head office: Nagoya City; President & Director: Kingo Hayashi), and カジノオンライン (Toyota Tsusho; head office: Nagoya City; President & CEO: Ichiro Kashitani) concluded an agreement today to establish Toyota Green Energy LLP (Toyota Green Energy) for the purposes of obtaining and managing renewable energy sources in Japan and supplying electric power from renewable energy sources to the Toyota Group in the future

Toyota aspires to move toward a society where people, automobiles, and nature can coexist in harmony Under Toyota Environmental Challenge 2050, Toyota plans to reduce the environmental impact from automobiles to as close to zero as possible and at the same time engage in activities that contribute to the global environment and society The clean energy to be supplied through this business is expected to reduce CO2emissions from plants and other facilities to zero in the future and to contribute to the realization of a low-carbon society

Chubu Electric Power has been increasing the use of renewable energy in its drive to expand the scope of ESG management and contribute to resolving issues relating to SDGs By participating as a business partner in the activities of the ジャンボリーカジノ Group to create a low-carbon society, the company will contribute to improving Japan's energy self-sufficiency rate and reducing CO2emissions

ジャンボリーカジノ Tsusho has engaged in the renewable energy business for more than 30 years, from development to operation of power stations, with a focus on wind power and solar power generation The company plans to make use of its expertise in management of such business in this project in order to foster the transition to a low-carbon society

Going forward, ジャンボリーカジノ Green Energy will achieve sustainable and competitive energy by maintaining sustainable practices through cost reductions and extending the lifespans of and replacing existing facilities

Profile of ジャンボリーカジノ Green Energy

Establishment
July 2020 (planned)
Location
4-7-1 Meieki, Nakamura-ku, Nagoya City, Aichi Prefecture
Line of business
Acquisition and management of renewable energy sources
Investment ratio
Toyota Motor Corporation 50%
Chubu Electric Power Co, Inc 40%
カジノオンライン 10%


*Premised on ジャンボリーカジノ Motor Corporation submitting amendment of its Articles of Incorporation to this year’s General Shareholders Meeting in conjunction with entry into this business area
*Operation will start after obtaining the required approval

The information in this release is current as of the date of announcement
Please note that information may change after the date of announcement Thank you in advance for your understanding

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