Honda to Become First Automaker in Brazil to Undertake Wind Power Generation -Generating Renewable Energy to Cover Entire Electricity Needs for Local Automobile Production-
SÃO PAULO, Brazil, April 25, 2013 - Honda Automoveis do Brasil Ltda. (HAB), the Honda automobile production and sales subsidiary in Brazil, today announced plans to invest in wind power generation to be more proactive in using renewable energy to minimize the environmental footprint of its business activities. HAB will be the first automobile manufacturer in Brazil to invest in wind power generation.
With a goal to begin the operation in September 2014, Honda will build a wind farm in the city of Xangri-lá in Rio Grande do Sul, the southernmost state in Brazil (approximately 1,000 km south of HAB's automobile production plant in Sumaré, São Paulo). Equipped with nine wind power turbine units, the wind farm is expected to generate approximately 85,000 MWh of electricity per year, equivalent to HAB's annual electricity needs for automobile production. By generating renewable energy to cover the entire electricity needs of the plant, HAB is expecting to reduce CO2 emissions by approximately more than 2,200 t annually. The total investment in this wind farm is expected to be approximately 100 million Brazilian reais (approximately 4.6 billion yen*).
In order to evolve wind power generation business in Brazil, HAB established a new subsidiary, Honda Energy do Brasil Ltda., specialized in wind power generation business. Honda Energy do Brasil Ltda. will be responsible for the management and operation of all areas related to Honda's wind power generation business in Brazil.
Honda has set a target to reduce CO2 emissions from its global products by 30 percent by the end of 2020 compared to year 2000 levels. Striving to attain this goal, Honda has been strengthening its initiatives on a global basis to reduce CO2 emissions from all business activities, including production and the supply chain.
With a goal to begin the operation in September 2014, Honda will build a wind farm in the city of Xangri-lá in Rio Grande do Sul, the southernmost state in Brazil (approximately 1,000 km south of HAB's automobile production plant in Sumaré, São Paulo). Equipped with nine wind power turbine units, the wind farm is expected to generate approximately 85,000 MWh of electricity per year, equivalent to HAB's annual electricity needs for automobile production. By generating renewable energy to cover the entire electricity needs of the plant, HAB is expecting to reduce CO2 emissions by approximately more than 2,200 t annually. The total investment in this wind farm is expected to be approximately 100 million Brazilian reais (approximately 4.6 billion yen*).
In order to evolve wind power generation business in Brazil, HAB established a new subsidiary, Honda Energy do Brasil Ltda., specialized in wind power generation business. Honda Energy do Brasil Ltda. will be responsible for the management and operation of all areas related to Honda's wind power generation business in Brazil.
About Honda Energy do Brasil Ltda.
| Establishment: | March 21, 2013 |
| Capital Investment: | 1,000 reais (approximately 46,000 yen*) |
| Capitalization Ratio: | 99.99% Honda Automoveis do Brasil Ltda. 0.01% Others |
| Representative: | Carlos Eigi, President |
| Number of wind turbines: | 9 units (1 unit: maximum output of 3MW) |
| Generation capacity: | Maximum output of 27MW (9 units total) |
Comment by Carlos Eigi, president of Honda Energy do Brasil Ltda.
"Ever since Honda began local production in Brazil in 1976, Honda has been cooperating with the local community and striving to minimize the environmental footprint of our production activities. Wind power generation has proven to be very effective in reducing CO2 emissions. Through the utilization of renewable energy, Honda will continue to be proactive in pursuing environmental conservation activities in Brazil."Honda has set a target to reduce CO2 emissions from its global products by 30 percent by the end of 2020 compared to year 2000 levels. Striving to attain this goal, Honda has been strengthening its initiatives on a global basis to reduce CO2 emissions from all business activities, including production and the supply chain.
- *
- Calculated based on the exchange rate of 1 Brazilian real = 46 yen
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