The agreements include the company’s first renewable energy projects in India, Brazil and Poland. In India, Amazon has contracted power from three large-scale solar farms, representing 420 MW of clean energy capacity. In Europe, the company is supporting the development of its first rooftop solar projects in France and Austria, and its first utility-scale solar farm in Poland. Spain-based Q-Energy is developing a 113 MWp solar farm in Poland supported by a $97 million senior term loan from PKO Bank Polski. Amazon will contract the project’s entire output to power its operations in Poland, marking the largest long-term corporate power purchase agreement (PPA) signed in the country to date. In North America, the company is adding 1 GW of clean energy capacity across the Southeastern US, including its first two renewable energy projects in Louisiana.
Amazon’s recent moves bring its global renewable energy portfolio to a total of 379 projects across 21 countries, including 154 wind and solar farms and 225 rooftop solar projects, representing 18.5 GW of renewable energy capacity. The company now has a total of 202 projects across North America, while its portfolio in Europe and Asia has reached 117 and 57 power plants.
As of the end of 2021, the company had reached the milestone of powering 85% of its business with renewable energy. In 2019, the company committed to achieve net-zero carbon emissions by 2040, 10 years ahead of the Paris Agreement. As part of its decarbonization operations, Amazon has also ordered 100,000 electric delivery vehicles, and has started deploying them across the US.
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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