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New raft of renewables investments for Amazon

With the announcement of 14 new renewable energy projects across Europe and North America, Amazon says it has become the largest corporate buyer of renewable energy in both the US and the world.

In late June, the firm committed to purchasing 1.5 GW of production capacity from utility-scale wind and solar facilities. 

Amazon – the world’s largest retailer – will now have a portfolio of 232 renewable energy projects to its name. Of the new additions, 11 will be located in the US, where the company boasts more than 50 clean energy installations. Spain, Finland and Canada will each be home to one of Amazon’s 14 newly-announced projects.

The company is aiming to bring its total emissions to net zero by 2040, and source only renewable electricity for its operations by 2025. Four of the six top corporate buyers of renewable energy are US-based technology firms, according to BloombergNEF. Microsoft, Google and Facebook join Amazon at the top of the league table. 

News Item details

Journal title: Energy World

Organisation: Amazon

Subjects: Investment - Renewables -

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