Amazon has become the largest corporate buyer of renewable energy in Europe and in the world and has the goal of 100% renewable energy by 2025 firmly in its sights.
The US group has chosen this week, when President Joe Biden hosts a virtual climate change summit with 40 world leaders, to announce its investment in nine new utility-scale wind and solar energy projects in Canada, the US, Spain, Sweden and the UK.
The new investments bring the total to 206 projects around the world, with more than 2.5 GW of capacity in Europe, enough to power over two million homes a year, and 8.5 GW of renewable energy capacity globally.
“Amazon continues to scale up its investments in renewable energy as part of its effort to meet The Climate Pledge, our commitment to be net-zero carbon by 2040, ten years ahead of the Paris agreement,” said Jeff Bezos, Founder and CEO, Amazon.
“With these nine new wind and solar projects, we have announced 206 renewable wind and solar projects worldwide, and we are now the largest corporate buyer of renewable energy in Europe and globally,” he said. “Many parts of our business are already operating on renewable energy, and we expect to power all of Amazon with renewable energy by 2025—five years ahead of our original target of 2030.”
Power supplies Amazon offices, distribution centres and stores
The projects supply renewable energy to Amazon’s corporate offices, fulfilment centres, Whole Foods Market stores, and Amazon Web Services (AWS) data centres, which power Amazon and millions of AWS customers globally.
The projects in Europe include a 350 MW wind farm off the coast of Scotland, which is the largest corporate renewable energy project ever announced in the UK; new solar projects in Extremadura and Andalucia in Spain and a 258 MW onshore wind project in Northern Sweden.
The projects in North America include an 80 MW solar project in Alberta, which is Amazon’s first renewable energy investment in Canada; its first solar project paired with energy storage in California’s Imperial Valley, and a 118 MW wind project in Oklahoma.
“Leading companies like Amazon know the value that solar can bring to their businesses and the planet,” said Abigail Ross Hopper, president and CEO of the Solar Energy Industries Association (SEIA). “Wall Street, customers, and international businesses are all watching what American companies are doing about climate change, and this type of leadership can have a major impact on the climate crisis.”
Amazon and Global Optimism co-founded The Climate Pledge in 2019, a commitment to reach the Paris Agreement 10 years early and be net-zero carbon by 2040. The pledge now has 53 signatories, including IBM, Unilever, Verizon, Siemens, Microsoft, and Best Buy.