Lightsource bp, Toyota sign 231MW virtual PPA

Lightsource bp and Toyota have signed a 231MW virtual power purchase agreement (vPPA) for the Jones City 2 solar farm in the USA. This 15-year agreement will see Lightsource bp supply electricity to Toyota, contributing to the automaker's renewable energy targets. The Jones City 2 project is part of a larger energy center that will combine 700MW of solar PV capacity with battery energy storage, indicating a significant investment in renewable energy infrastructure. The deal is notable for its scale and the involvement of two major players in their respective industries. Lightsource bp, a global leader in solar development, is partnering with Toyota, a company increasingly focused on sustainable mobility and energy management. This vPPA demonstrates a commitment to renewable energy procurement and highlights the growing trend of corporations directly supporting renewable energy projects to meet sustainability goals. The project's location in North America, specifically the USA, further underscores the region's importance in the global renewable energy market.