Amazon Invests in Nine New Renewable Energy Projects in Canada, the U.S., Spain, Sweden, and the UK and Becomes Europe’s Largest Corporate Buyer of Renewable Energy

Rhea-AI Summary

Amazon (NASDAQ: AMZN) has announced nine new utility-scale wind and solar energy projects across the U.S., Canada, Spain, Sweden, and the UK, adding to its global total of 206 renewable energy projects with an electricity production capacity of 8.5 GW. This positions Amazon as the largest corporate buyer of renewable energy in Europe, contributing enough power for over two million homes. The projects support Amazon’s commitment to achieve 100% renewable energy by 2025 and its Climate Pledge to reach net-zero carbon by 2040.

Positive

• Total of 206 renewable energy projects globally, comprising 71 utility-scale projects and 135 solar rooftops.
• New projects expected to generate enough energy for over 28,000 homes in California and 18,000 homes in Canada annually.
• Amazon's first solar project with energy storage enhances grid reliability.
• Largest corporate renewable energy project in the UK with a 350 MW wind farm.
• Commitment to 100% renewable energy by 2025, five years ahead of original target.

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• None.

Amazon (NASDAQ: AMZN) today announced nine new utility-scale wind and solar energy projects in the U.S., Canada, Spain, Sweden, and the UK. The company now has 206 renewable energy projects globally, including 71 utility-scale wind and solar projects and 135 solar rooftops on facilities and stores worldwide, which will generate 8.5 GW of electricity production capacity globally. With this latest announcement, Amazon is now the largest corporate purchaser of renewable energy in Europe, with more than 2.5 GW of renewable energy capacity, enough to power more than two million European homes a year.

These projects supply renewable energy to Amazon’s corporate offices, fulfillment centers, Whole Foods Market stores, and Amazon Web Services (AWS) data centers, which power Amazon and millions of AWS customers globally. The renewable energy from these projects also helps Amazon meet its commitment to produce the clean energy equivalent to the electricity used by all consumer Echo devices. All of these projects put Amazon on a path to power 100% of its activities with renewable energy by 2025—five years ahead of the original target of 2030. Investing in renewable energy is one of the many actions Amazon is taking as part of The Climate Pledge, a commitment to be net-zero carbon by 2040, 10 years ahead of the Paris Agreement.

“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,” said Jeff Bezos, Amazon founder and CEO. “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. 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.”

The nine new wind and solar projects announced today in the U.S., Canada, Spain, Sweden, and the UK include:

• Our first solar project paired with energy storage: Based in California’s Imperial Valley, Amazon’s first solar project paired with energy storage allows the company to align solar generation with the greatest demand. The project generates 100 megawatts (MW) of solar energy, which is enough to power over 28,000 homes for a year and includes 70 MW of energy storage. The project also allows Amazon to deploy next-generation technologies for energy storage and management while maintaining the reliability and resilience of California’s electricity grid.
• Our first renewable project in Canada: Amazon is announcing its first renewable energy investment in Canada—an 80 MW solar project in the County of Newell in Alberta. Once complete, it will produce over 195,000 megawatt-hours (MWh) of renewable energy to the grid, or enough energy to power more than 18,000 Canadian homes for a year.
• The largest corporate renewable energy project in the UK: Amazon’s newest project in the UK is a 350 MW wind farm off the coast of Scotland and is Amazon’s largest in the country. It is also the largest corporate renewable energy deal announced by any company in the UK to date.
• New projects in the U.S.: Amazon’s first renewable energy project in Oklahoma is a 118 MW wind project located in Murray County. Amazon is also building new solar projects in Ohio’s Allen, Auglaize, and Licking counties. Together, these Ohio projects will account for more than 400 MW of new energy procurement in the state.
• Additional investments in Spain and Sweden: In Spain, Amazon’s newest solar projects are located in Extremadura and Andalucia, and together add more than 170 MW to the grid. Amazon’s newest project in Sweden is a 258 MW onshore wind project located in Northern Sweden.

A map of all of Amazon’s renewable energy projects around the world can be found here.

“Amazon continues to play a key role leading the corporate transition to renewable power worldwide and demonstrating that ambitious renewable targets are both achievable and widely beneficial,” said Gregory Wetstone, President and CEO of the American Council on Renewable Energy (ACORE). “The company’s nine new clean energy projects bring them to an impressive record total of 8.5 gigawatts of global renewable capacity and include Amazon’s first solar plus storage project, using advanced technology to help deliver a clean, reliable grid.”

“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). “We’re thrilled to see that Amazon is following through on its climate commitments and is investing in renewable energy assets across the world. 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. To reach its goal, Amazon will continue to reduce emissions across its operations by taking real business actions and establishing a path to power its operations with 100% renewable energy, five years ahead of the company’s original target of 2030; delivering its Shipment Zero vision to make all shipments net-zero carbon, with 50% net-zero carbon by 2030; purchasing 100,000 electric delivery vehicles, the largest order ever of electric delivery vehicles, and by investing $2 billion in the development of decarbonizing services and solutions through the Climate Pledge Fund. For more information, visit https://sustainability.aboutamazon.com/.

About Amazon

Amazon is guided by four principles: customer obsession rather than competitor focus, passion for invention, commitment to operational excellence, and long-term thinking. Customer reviews, 1-Click shopping, personalized recommendations, Prime, Fulfillment by Amazon, AWS, Kindle Direct Publishing, Kindle, Fire tablets, Fire TV, Amazon Echo, and Alexa are some of the products and services pioneered by Amazon. For more information, visit amazon.com/about and follow @AmazonNews.

About Amazon Web Services

For 15 years, Amazon Web Services has been the world’s most comprehensive and broadly adopted cloud platform. AWS has been continually expanding its services to support virtually any cloud workload, and it now has more than 200 fully featured services for compute, storage, databases, networking, analytics, machine learning and artificial intelligence (AI), Internet of Things (IoT), mobile, security, hybrid, virtual and augmented reality (VR and AR), media, and application development, deployment, and management from 80 Availability Zones (AZs) within 25 geographic regions, with announced plans for 15 more Availability Zones and five more AWS Regions in Australia, India, Indonesia, Spain, and Switzerland. Millions of customers—including the fastest-growing startups, largest enterprises, and leading government agencies—trust AWS to power their infrastructure, become more agile, and lower costs. To learn more about AWS, visit aws.amazon.com.

View source version on businesswire.com: https://www.businesswire.com/news/home/20210419005309/en/

FAQ

What are the new renewable energy projects announced by Amazon in 2023?

Amazon announced nine new wind and solar energy projects across the U.S., Canada, Spain, Sweden, and the UK.

How much electricity production capacity do Amazon's renewable energy projects have?

Amazon's renewable energy projects have a total electricity production capacity of 8.5 GW.

When does Amazon aim to achieve 100% renewable energy?

Amazon aims to achieve 100% renewable energy by 2025.

What is Amazon's Climate Pledge commitment?

Amazon's Climate Pledge commits to reaching net-zero carbon by 2040, ten years ahead of the Paris Agreement.

What is the significance of Amazon's renewable energy initiatives for its business?

These initiatives support Amazon's energy needs for its corporate offices, fulfillment centers, and AWS data centers, enhancing sustainability.