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Transactions - APRIL 6, 2023

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Toyota, Huntsville Utilities form solar PPA in Alabama

by Kali Persall

Toyota Alabama, Toyota Tsusho America, Inc. (TAI) and Huntsville Utilities have announced a power-purchase agreement (PPA) to support a 168-acre, $49 million solar project in north Alabama.

The 30-megawatt solar-generated system will be located in the North Huntsville Industrial Park, surrounding the Toyota engine plant. It is expected to generate 62,000 megawatt hours annually, reducing approximately 22,000 metric tons of carbon dioxide emissions per year.

The project marks another step toward the automaker's goal of achieving carbon neutrality in its operations by 2035.

“Toyota is taking a transparent, science-based approach to address climate change,” said Jason Puckett, president of Toyota Alabama. “By relying on the sun to power our operations, we will reduce our carbon footprint and create a model of environmental stewardship in North Alabama.”

TAI’s energy infrastructure solutions team led the project’s development and will manage the c

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