Amazon.com Inc. made an announcement in December to say it was backing 26 new wind and solar utility projects around the globe, a massive investment that the company said made it the largest corporate buyer of renewable energy. The retail and technology company said the utility-scale projects, located in Australia, France, Germany, Italy, South Africa, Sweden, the U.K. and the U.S., would have the capacity to produce 3.4 gigawatts of electricity. To learn more, read “Amazon Backs 26 Green Projects in Drive to Renewable Energy.” Reading this article could require a subscription.
- In 2019, Google was the largest corporate buyer of renewable energy and claimed the previous high water mark that year with a 1.6 gigawatt purchase in a single announcement.
- “Amazon is helping fight climate change by moving quickly to power our businesses with renewable energy,” Amazon Chief Executive Officer Jeff Bezos said in a statement.
- Amazon has said it aims to power its operations with renewable energy sources by 2025, five years ahead of an earlier target, and to become carbon neutral 15 years later.
- Including the new deals, Amazon has backed 127 wind and solar projects, with 6.5 gigawatts of capacity.
Path to 100% Perspective
Ambitious renewable energy goals make headlines every week, with some organizations competing for the title of energy leader. This form of competition is accelerating the path to decarbonization through strategic investments in emerging technologies and innovative ways to integrate renewable energy into business plans and power systems. As more organizations join forces to find solutions designed to decrease carbon emissions, the marketplace and utility sector are able to more easily visualize a renewable energy future on the horizon.
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