Solar Auctions Surge by 229% in Q1 2024, Tender Activity Up 122%

Global Wind Installations Reached 1 TW Milestone in 2023

Funding and M&A Roundup: Nexamp Secures $520 Million

Project Finance Brief: Arevon Secures $352 Million for Posey Solar Project

Indian Oil Issues Empanelment Tender for Solar Power Projects

Southern Railway Seeks Bids for 1.2 MW Rooftop Solar Projects in Chennai

Husk Secures $4 Million from Electrifi to Scale up Mini Grids in Rural India

Doubling Transmission Capacity of Existing Grid Through Reconductoring: Report

Daily News Wrap-Up: BJP, Congress Bet Big on Renewables in Election Manifestos

As ISTS Waiver Nears End, Developers Need Extension Amid Lack of Substations

<p>E-commerce giant Amazon announced 26 new utility-scale wind and solar energy projects totaling 3.4 GW of electricity production capacity, bringing its total investment in renewable energy in 2020 to 35 projects and more than 4 GW of capacity.</p>
<p><a href="https://www.amazon.com/" target="_blank" rel="noopener noreferrer">Amazon</a> claims these new projects will make Amazon the largest-ever corporate purchaser of renewable energy along with the largest corporate investment in renewable energy in a single year.</p>
<p>According to Miranda Ballentine, CEO of Renewable Energy Buyers Alliance (REBA), &#8220;The U.S.-based projects alone make Amazon&#8217;s announcement 270% larger than the largest corporate procurement announcement from a single off-taker to date, and showcase the company&#8217;s leadership and commitment to a clean and prosperous energy future.&#8221;</p>
<p>&#8220;Procuring more than 4,000 MW of new renewable power in a single year is an incredible achievement, and it marks big progress toward Amazon&#8217;s goal of being powered by 100% renewable power,&#8221; said Gregory Wetstone, President and CEO, American Council on Renewable Energy (ACORE).</p>
<p>Last year, Amazon and Global Optimism co-founded The Climate Pledge, a commitment to reach the Paris Agreement 10 years early and be net-zero carbon by 2040. The pledge now has 31 signatories, including Unilever, Verizon, Siemens, Microsoft, and Best Buy.</p>
<p>Last year, Amazon also <a href="https://mercomindia.com/amazon-shipments-net-zero-carbon-2030/" target="_blank" rel="noopener noreferrer">announced</a> that it aims to make 50% of all of its shipments with net-zero carbon by 2030. The company plans on achieving this goal by leveraging renewable energy, biofuels, and reusable packaging. The company calls this initiative &#8220;Shipment Zero.&#8221;</p>
<p>To reach its goal, Amazon will continue to reduce emissions across its operations by establishing a path to power its operations with 100% renewable energy, five years ahead of the company&#8217;s initial target of 2030.</p>
<p>Amazon has now invested in 6.5 GW of wind and solar projects that will enable the company to supply its operations with more than 18 million MWh of renewable energy annually, enough to power 1.7 million U.S. homes for a year.</p>
<p>These projects will supply renewable energy for Amazon&#8217;s corporate offices, fulfillment centers, and Amazon Web Services (AWS) data centers that support millions of customers globally. They will also help advance Amazon&#8217;s goal to reach net-zero carbon emissions across its business by 2040.</p>
<p>Part of that commitment is powering Amazon&#8217;s infrastructure with 100% renewable energy. The company is now on a path to achieve this milestone by 2025, five years ahead of the initial 2030 target.</p>
<p>&#8220;Amazon is helping to fight climate change by moving quickly to power our businesses with renewable energy. 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,&#8221; said Jeff Bezos, Amazon founder, and CEO.</p>
<p>The 26 new wind and solar projects announced are located in Australia, France, Germany, Italy, South Africa, Sweden, the U.K., and the U.S. Among these nations, Amazon has announced renewable energy projects for the first time in France, Germany, Italy, and South Africa.</p>
<p>In the U.S., Amazon has now enabled wind and solar projects in California, Delaware, Illinois, Indiana, Kansas, Kentucky, Nebraska, North Carolina, Ohio, Texas, and Virginia. Amazon has a total of 127 renewable energy projects globally, including 59 utility-scale wind and solar renewable energy projects and 68 solar rooftops on fulfillment centers and sort centers around the globe.</p>
<p>In a recent interview with Mercom, the spokesperson of the company’s Indian arm <a href="https://mercomindia.com/ev-solar-efficiency-amazon-interview/" target="_blank" rel="noopener noreferrer">informed</a> that Amazon has also taken several measures to incorporate green energy and sustainability efforts into its operations in the country. These include <a href="https://mercomindia.com/amazon-india-rooftop-solar-seven-facilities/" target="_blank" rel="noopener noreferrer">setting</a> up rooftop solar projects at its operation centers and the <a href="https://mercomindia.com/amazon-add-10000-electric-vehicles-2025/" target="_blank" rel="noopener noreferrer">addition</a> of electric vehicles to its delivery fleet.</p>
<div class="saboxplugin-wrap" itemtype="http://schema.org/Person" itemscope itemprop="author"><div class="saboxplugin-tab"><div class="saboxplugin-gravatar"></div><div class="saboxplugin-authorname"><a href="https://cms.mercomindia.com/author/rahul-nair/" class="vcard author" rel="author"><span class="fn">Rahul Nair</span></a></div><div class="saboxplugin-desc"><div itemprop="description"><p>Rahul is a staff reporter at Mercom India. Before entering the world of renewables, Rahul was head of the Gujarat bureau for The Quint. He has also worked for DNA Ahmedabad and Ahmedabad Mirror. Hailing from a banking and finance background, Rahul has also worked for JP Morgan Chase and State Bank of India. <a href="https://mercomindia.com/author/rahul-nair/" rel="noopener noreferrer">More articles from Rahul Nair.</a></p>
</div></div><div class="clearfix"></div></div></div>

Amazon Becomes World’s Largest Corporate Purchaser of Renewable Energy

corporate-purchase-power-agreement

Get the most relevant India solar and clean energy news.

RECENT POSTS