Toyota Tsusho Completes Acquisition of 85% of SB Energy Shares
- Maximizing synergies in the renewable energy businesses of both companies to accelerate Carbon Neutral initiatives -
Toyota Tsusho and SBG are exploring collaborative efforts among their group companies in the renewable energy businesses, such as joint development of renewable energy, electric power supply and demand adjustment, and so on, aiming toward achieving carbon neutrality.
With Terras Energy joining the Toyota Tsusho Group, the Group will become one of Japan's largest power generators not only in wind power, but also in solar power, with approximately 4,502 MW, including 3,182 MW of wind power and 1,020 MW of solar power, etc. (as of March 2023). Furthermore, Toyota Tsusho will promote initiatives for carbon neutrality by accelerating the creation of new businesses and the evolution of technology in the renewable energy sector through the utilization of Terras Energy's cutting-edge renewable energy technologies.
SBG aims to realize a decarbonized society with its group goal of "Achieving Carbon Neutrality by Fiscal 2030" and will continue to focus on the technological advancement in the renewable energy front through the collaboration to be explored involving group companies of both parties, generating the renewable electricity in the United States through SB Energy Global Holdings Limited* and investments in technologies concerning renewable energy through funds within the SoftBank Group.
*Important note: SB Energy Global Holdings Limited is a separate entity that operates entirely in the United States and is not impacted by this transaction.
Overview of Terras Energy Corporation
|Terras Energy Corporation
|TOKYO PORTCITY TAKESHIBA Office Tower, 1-7-1 Kaigan, Minato-ku, Tokyo
|October 6, 2011 (Date of trade name change : April 28, 2023)
|Hideyuki Inazumi, Representative Director & CEO
|Toyota Tsusho Corporation : 85%
SoftBank Group Corp. : 15%
1. Generating and storing electricity from renewable energy sources, etc., supplying and selling electricity and heat.
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.