Toyota intends to buy clean energy from a $1.1 billion solar farm in Texas

Canadian energy company Enbridge has just announced that it is moving forward with an 815-megawatt solar project called Sequoia in Texas. When completed, it will be one of the largest solar farms in North America. The project costs a hefty $1.1 billion.

Enbridge’s Sequoia subsidiary, located about 150 miles west of Dallas, has entered into long-term power purchase agreements with AT&T and Toyota, ensuring that most of its production will be sold for years to come. The deal was highlighted in Enbridge’s third-quarter report on Friday.

Sequoia will be built in two phases, with power expected to begin flowing in 2025 and 2026. Enbridge says it has taken steps to reduce risks by insuring equipment and purchasing contracts in advance. Permits and purchase orders are also closed.

Toyota’s PPA with the Enbridge Solar Project in Texas is part of Toyota’s broader push toward sustainability, with the automaker aiming to achieve net zero by 2035 and matching 45% of purchased energy with renewable electricity by 2026 as it remains committed to “Diversified powertrain strategy.” “

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