French oil and gas company TotalEnergies and e-commerce giant Amazon have announced a strategic collaboration through which TotalEnergies would supply 100% renewable energy for Amazon’s operations. The companies have signed a power purchase agreement (PPA) based on which TotalEnergies would supply 474 MW of renewable energy for Amazon’s operations in the United States and Europe.
Both companies are also expected to expand their cooperation in the Middle East and the Asia Pacific. Through this, TotalEnergies would contribute to Amazon’s target to power all its operations with renewable energy by 2030 and reach net-zero carbon emissions by 2040.
On the other hand, Amazon will provide its cloud computing services through Amazon Web Services (AWS) to enhance TotalEnergies’ information technology transformation and digitize its operations. With this cloud computing, the company’s digital factory plans to strengthen its infrastructure, speed, reliability, and innovative services.
According to TotalEnergies, it has 7 GW of renewable energy capacity worldwide, and it aims to expand its reach to 35 GW by 2025 and 100 GW by 2030.
Stephane Michel, President of Gas, Renewables & Power at TotalEnergies, said, “TotalEnergies is committed to reducing the carbon emissions of its operations and supporting its customers to do the same around the world. By signing this agreement, we are proud to enter into this key collaboration with Amazon and accompany them on their journey to carbon neutrality.
“We are also counting on Amazon and AWS to help us advance our exponential shift in the speed, scale, and advancement of digitalization,” Michel added.
Kathrin Buvac, Vice President, AWS Strategic Industries, said, “working with TotalEnergies on innovative cloud technologies to drive the reduction in carbon emissions and present new renewable energy source is a tremendous opportunity. This collaboration will not only accelerate TotalEnergies’ migration to the cloud but also contribute towards Amazon’s commitment to power our operations with 100% renewable energy.”
In May 2021, Amazon issued a $1 billion sustainability bond to fund ongoing and new projects in five key green spheres. The company is expected to finance green and social projects through the green, social, and sustainability bonds.
In December 2020, Amazon announced 26 new utility-scale wind and solar energy projects totaling 3.4 GW of capacity, bringing its total investment in renewables in 2020 to 35 projects with more than 4 GW of capacity.
Harsh is a staff reporter at Mercom India. Previously with Indian Express, he has covered general interest stories. He holds a Masters Degree in Journalism from Symbiosis Institute of Media and Communication, Pune.