To suspend orders for Toshiba coal-fired power generation Strengthen investment in renewable energy November 11, 5:32
As the momentum toward the realization of a carbon-free society is increasing, Toshiba, a major electronics manufacturer, has decided to review its energy business and suspend orders for construction of coal-fired power plants.
Going forward, we will strengthen investment in the renewable energy business and aim to increase the scale of sales to 650 billion yen in fiscal 2030, which is more than triple the scale of last year.
Toshiba plans to explain the progress of the management plan along with the announcement of the interim financial results on the 11th.
According to the people concerned, it is expected that the energy business will be reviewed and the policy to suspend orders for the construction of coal-fired power plants will be clarified in the future.
This is because the construction of a coal-fired power plant will lead to the emission of new carbon dioxide, and the cost will be high and it will not be profitable.
However, in addition to the approximately 10 construction works that have already been ordered, the company plans to continue maintenance of power plants and manufacture of turbines.
On the other hand, we will strengthen investment in renewable energy businesses such as solar power and hydroelectric power generation, aiming to increase the scale of sales to 650 billion yen in 2030, which is more than triple the scale of last year.
The government is aiming to reduce greenhouse gas emissions to zero as a whole by 2050, and the momentum is increasing toward the realization of a carbon-free society.
Under these circumstances, Toshiba has decided to review its business in anticipation of the expansion of the renewable energy market, and the movement of decarbonization among Japanese companies is accelerating.