December 10, 2020 Read More →

Amazon signs global deals for 3.4GW of new renewable energy generation

S&P Global Market Intelligence ($):

Amazon.com Inc. signed contracts to purchase power from 26 renewable energy projects on four continents totaling 3.4 GW, as part of its target to achieve net-zero carbon emissions by 2040.

The wind and solar projects are located in Australia, France, Germany, Italy, South Africa, Sweden, the U.K. and the U.S. The projects will supply renewable energy for Amazon’s corporate offices, fulfillment centers and data centers, according to a Dec. 10 news release.

In Germany, Amazon signed its first offshore wind power purchase agreement. The company is buying 250 MW from the planned 900-MW Borkum Riffgrund 3 offshore wind farm for a 10-year period, project owner Ørsted A/S said in a separate statement.

“With a total of 127 solar and wind projects, Amazon is now the biggest corporate buyer of renewable energy ever. We are on a path to running 100% of our business on renewable energy by 2025 — five years ahead of our original target of 2030,” Jeff Bezos, Amazon’s founder and CEO, said.

The company’s current renewable energy portfolio consists of 59 utility-scale wind and solar projects and 68 solar rooftops on fulfillment centers and sort centers around the globe.

“The U.S.-based projects alone make Amazon’s announcement 270% larger than the largest corporate procurement announcement from a single off-taker to date, and showcase the company’s leadership and commitment to a clean and prosperous energy future,” Miranda Ballentine, CEO of the Renewable Energy Buyers Alliance, said.

[Nephele Kirong]

More ($): Amazon moves closer to net-zero goal with 3.4 GW of renewable power purchases

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