US energy company Constellation and Toyota Motor North America have signed a 15-year renewable energy agreement that supports the development of new solar capacity. Under the agreement, Toyota will buy renewable energy certificates (RECs) generated by Ferrovial’s Milano Solar project in Texas through Constellation’s CORe (Constellation Offsite Renewable) solution.
A separate PPA for more than 115 MW
On the strength of Toyota’s long-term commitment, Constellation signed a separate long-term power purchase agreement (PPA) with the Milano Solar project. It covers more than 115 MW of solar capacity and around 246,000 MWh of renewable generation a year, representing part of the total output of the 203.97 MW project in Milam County, Texas.
Project-specific RECs will be retired by Constellation on Toyota’s behalf for 15 years. The project is expected to reach commercial operation in September 2027. It is being developed by Ferrovial Energy, the energy division of Ferrovial.
Toyota’s 100 percent renewable target
Under its North American 8th Environmental Action Plan, Toyota aims to match all of its electricity consumption with renewable energy through a combination of virtual PPAs, renewable energy certificates and on-site solar generation.
Dan Verbanac, Senior Vice President of Retail and Solutions at Constellation, said companies are looking for practical ways to meet sustainability goals and support the development of new clean energy sources. Tim Hilgeman, General Manager of Environmental Sustainability at Toyota, said agreements of this kind are part of the company’s carbon neutrality programmes. Ferrovial Energy CEO María José Esteruelas stressed that Milano Solar is an example of how large-scale renewable projects create lasting value beyond the electricity they generate.
Sources
- Constellation, “Constellation and Toyota Announce Renewable Energy Purchase Agreement”, press release, 21.09.2026 – constellationenergy.com
Image: Constellation
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