Amazon Remains as the World’s Largest Corporate Buyer of Renewable Energy

Amazon announced 37 new renewable energy projects around the world, marking significant progress on its path to power 100 percent of its operations with renewable energy by 2025 — five years ahead of the original target of 2030. The new projects increase the capacity of Amazon’s renewable energy portfolio by nearly 30 percent, from 12.2 gigawatts (GW) to 15.7 GW, and bring the total number of renewable energy projects to 310 across 19 countries. The additional 3.5 GW of clean energy capacity from these new projects extends Amazon’s leadership position as the world’s largest corporate buyer of renewable energy, and advances its efforts to meet The Climate Pledge, a commitment to be net-zero carbon by 2040— 10 years ahead of the Paris Agreement.

The 37 new projects announced are located across the US, Spain, France, Australia, Canada, India, Japan, and the United Arab Emirates. They vary in project type and size, with three new wind farms, 26 new solar farms, and eight new rooftop solar installations at its buildings around the world. As a result of these projects, Amazon now has a total of 310 renewable energy projects, including 134 wind and solar farms and 176 rooftop solar projects. The carbon-free energy generated by these projects will also help avoid 17.3 million metric tons of carbon emissions annually, avoiding the equivalent of the annual emissions of more than 3.7 million cars in the US each year. Amazon also continues to invest in renewable energy projects paired with energy storage. The energy storage systems allow Amazon to store clean energy produced by its solar projects and deploy it when solar energy is not available, such as in the evening hours, or during periods of high demand. The new projects include a 300-megawatt (MW) solar project paired with 150 MW of battery storage in Arizona and a 150 MW solar project paired with 75 MW of battery storage in California. The company is also investing $2 billion in the development of decarbonizing services and solutions through the Climate Pledge Fund.

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