Renewable Energy PPA: Amazon's Wind Power offtake agreement with ENGIE in Scotland

published on 31 January 2024
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Introduction:

Did you know that Amazon is making significant strides in renewable energy? In a landmark move, the tech giant has recently inked a deal with ENGIE for a staggering 473MW of clean energy from Scotland’s Moray West offshore wind farm. This blog will delve into the details of this agreement and its impact on Amazon’s sustainability goals.

Amazon's Renewable Commitment:

Amazon's latest corporate power purchase agreement (CPPA) with ENGIE is a game-changer. Securing 473MW from the Moray West offshore wind farm signifies a major step towards its commitment to using 100% renewable energy by 2025. This initiative is not just about Amazon's green shift; it's a significant contribution to the UK's renewable energy landscape, powering the equivalent of over 650,000 UK homes annually.

The Moray West Wind Farm:

The Moray Firth wind farm, currently under construction, plays a pivotal role in Amazon’s strategy. With a total capacity of 882 MW, this farm is expected to be operational by 2024. What makes Moray West unique is its location and scale, contributing significantly to the UK's renewable energy production and Amazon's sustainability objectives. This project underlines the increasing importance of offshore wind energy in Europe’s green transition.

Economic and Social Gains:

Amazon’s agreement with ENGIE goes beyond environmental benefits. It's expected to inject $634 million (£500 million) into the Scottish economy, create over 1,000 jobs during construction, and support long-term operational roles. This deal exemplifies how corporate renewable energy purchases can drive economic growth, job creation, and even educational opportunities, such as apprenticeships and environmental research sponsorships.

Conclusion:

Amazon's move to harness wind energy from Scotland's Moray West is a significant stride towards a sustainable future. This agreement demonstrates the potential of renewable energy in transforming corporate operations and contributing to broader societal benefits. For more insights on renewable energy trends and initiatives, visit our website, sign up for our newsletter, or explore our related services.

The above analysis is proprietary to Enerdatics’ energy analytics team, based on the current understanding of the available data. The information is subject to change and should not be taken to constitute professional advice or a recommendation.

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