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Business Ethics & Philanthropy Sustainability News: Amazon Becomes The Largest Corporate Buyer of Renewable Energy Globally
Sustainability News: Amazon Becomes The Largest Corporate Buyer of Renewable Energy Globally
Amazon.com Inc has announced that it would increase clean energy capacity by 2.7 gigawatts through 71 new initiatives as it works to use only renewable energy sources throughout its operations by the year 2025. This includes the business’s first solar farm in Poland and its first renewable energy project in South America, a solar farm in Brazil. Amazon’s global renewable energy portfolio, when fully operational, will produce 50,000 gigawatt hours (GWh) of clean energy, which is equal to the annual electricity required to power 4.6 million households in the United States.
Utility Scale Renewable Energy Projects in India
Three solar farms in the state of Rajasthan are the e-commerce giant’s first utility-scale renewable energy projects to be unveiled in India.
These include a 210 MW project that ReNew Power will create, a 100 MW project that local developer Amp Energy India will develop, and a 110 MW project that Brookfield Renewable will develop.
“Combined, these solar farms have the capacity to generate 1,076,000 megawatt hours (MWh) of renewable energy per year, enough to power over 360,000 average-sized households in New Delhi annually,” the company said in a press statement.
By enabling new capacity above and beyond what is currently available on the grid, Amazon’s solar projects in Rajasthan will contribute to increasing the availability and affordability of renewable energy in India. A further 23 new solar rooftop projects with a combined capacity of 4.09 MW have been announced by Amazon for its fulfilment centres spread across 14 Indian towns.
With 19.7 MW of renewable energy capacity, there are now 41 solar rooftop projects in India, which will help power Amazon’s fulfilment network there. The 210 MW solar farm in Rajasthan that Amazon is building with ReNew Power is the company’s largest single business-to-business (B2B) project in India and is regarded as one of the largest solar corporate power purchase agreements (PPA) by a technology company.
“As we support India’s historic clean energy transition, our work with global leaders such as Amazon is critical in decarbonizing the corporate sector and the broader economy. Organizations like Amazon set an example for other companies globally to adopt clean energy sources and, accelerate the energy transition, a pre-requisite to meet our net-zero goals,” said Sumant Sinha, Founder, Chairman and CEO, ReNew.”
Amazon has executed more than 500 MW of renewable energy PPAs with Brookfield globally, and now 110 MW in India.
Nawal Saini, Managing Director, Renewable Power and Transition, Brookfield said, “The new Bikaner solar park development is being undertaken as a part of the Brookfield Global Transition Fund, our inaugural impact fund focusing on investments that accelerate the global transition to a net-zero carbon economy.”
