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Toshiba Will Quit Coal Only After Building More Plants

  • Japanese firm to follow GE, Samsung C&T in exiting sector
  • Company will also work to halve its carbon emissions by 2030
Inside Joban Joint Power Co. Coal-fired Power Station
Photographer: Tomohiro Ohsumi/Bloomberg
Updated on

Toshiba Corp. said it will stop taking orders for new coal-fired power plants as it makes a wider push to embrace renewable energy, though it will still complete work on about 10 further facilities.

The engineering-to-technology giant will continue to manufacture steam turbines and offer maintenance services for existing coal-power plants, and work on the construction of plants that have already been ordered.