Toyota Material Handling France & Alight Join Hands for Rooftop Solar Plant
- Toyota Material Handling has signed a power purchase agreement (PPA) with Alight to provide solar power to its center in Bussy-Saint-Georges Paris, France.
- The roof solar power plant is currently providing power equivalent to 25 percent of its total annual electricity consumption.
Toyota Material Handling France (TMHFR), a leading company in materials dealing with equipment, has become part of a Power Purchase Agreement (PPA) with the solar energy company Alight. Under the power purchase agreement (PPA), Alight provides solar power to TMHFR at its facility in Bussy-Saint-Georges Paris, France.
Alight creates, owns and manages the rooftop photovoltaic plant at the Bussy-Saint-Georges center, as well as TMHFR purchases the electricity generated by the plant as part of Toyota Material Handling Europe's (TMHE) solar roll-out. In 2019, TMHE as well as Alight signed up with forces in a strategic solar power program that led the way for roof solar power systems to be mounted at TMHE production as well as management facilities throughout European countries. The initial solar site was built in 2020 as well as is located in TMHE facility in Mjölby, Sweden.
The construction of the rooftop solar site began in fall 2022, and also reached conclusion and also began distribution of clean electricity in December last year. The long-term agreement with Alight will certainly assist TMHFR hedge its electricity expenses, reduce its environmental impact and protect against volatility in the electricity market. The solar rooftop setup has 790 solar panels with an installed capacity of 300-kilowatt peak power (kWp). It will create approximately 323 MWh a year. It is providing power equivalent to 25 percent of total annual electricity consumption.
" We are incredibly pleased to continue our cooperation with Toyota Material Handling. Industrial as well as commercial roofs throughout Europe are mostly underutilized locations, regardless of several being well suited for solar power generation. So it is absolutely inspiring to see huge corporations act to rapidly construct out renewable energy, while at the same time hedging against electricity rate volatility-- a win-win," said Harald Överholm, CEO of Alight. "This photovoltaic roof will help us to further lower our environmental impact as well as electricity costs, while safeguarding us against electricity rate volatility throughout of the agreement," mentioned Eric Loustau, General Director of TMHFR, while including, "This solar energy plant is a concrete instance of what we are doing in regards to sustainability, a location in which we have actually had high ambitions for over one decade."
TMHE shares that it has high sustainability ambitions, belongs to the Science Based Target Initiative as well as certified by EcoVadis, which analyzes a firm's material sustainability. The company exposes that is likewise committed to zero emissions throughout entire worth chain by 2050 and also net-zero emissions from its very own procedures by 2030. TMH declares to have 100% renewable resource given that 2021. This solar plant will better help reduce its environmental influence and also electricity expenses, while safeguarding it against electricity price volatility throughout the program of the agreement.
A subsidiary of the Toyota Material Handling Europe group, Toyota Material Handling France utilizes nearly 1,000 people in France and also generated a turnover of EUR429 million in fiscal year 2022,
Co-founded in 2013, Alight is a leading solar developer and Independent Power Producer. The firm has a completely subsidy-free company model, and it develops, has as well as operates solar projects, onsite and also offsite, across Europe. By 2030, Alight is readied to have actually a set up capacity of at least 5 GW backed with solar Power Purchase Agreements (PPAs), it states. It is presently developing more than 1 GW of PPA-based projects across Sweden, with a further 170 MW under advancement across the remainder of Europe.
In December last year, French Renewable energy player Neoen as well as Alight revealed the signing of a PPA for 90 MWp of green power in Sweden with the Swedish fashion retailer H&M Group.