Toyota Tsusho completed the acquisition of the remaining 40% stake in Eurus Energy from Tokyo Electric Power.

Toyota Tsusho, the trading arm of Toyota, completed the acquisition of the remaining 40% stake in Eurus Energy, a wind energy producer, from Tokyo Electric Power, an electric utility holding company. Financial terms were not disclosed. Toyota Tsusho has positioned “renewable energy” as one of its most important business strategies for its mid-term business plan. The initiative by Eurus trailblazed and developed, in particular, the wind power projects as early as late 1980s, and has continued its expansion further in the overseas and domestic markets. Furthermore, last November “Carbon Neutral Roadmap 2030” became a concrete action, one of core businesses of which is the renewable energy business, and going forward, this line of business is to be even more accelerated and expanded.