Amazon world’s largest corporate buyer of renewables

Amazon sign outside Amazon building in United States
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Online retail behemoth Amazon has announced 37 new renewable energy projects around the world, marking significant progress on its path to power 100 per cent 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 per cent, from 12.2GW to 15.7GW, 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.

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“Our commitment to protecting the planet and limiting Amazon’s impact on the environment has led us to become the largest corporate buyer of renewable energy in the world in both 2020 and 2021. Given the growth of our business, and our mission to run 100 per cent of Amazon’s operations on renewable energy, we aren’t slowing our renewable investments down,” Amazon CEO Andy Jassy said.

“We now have 310 wind and solar projects across 19 countries, and are working hard to reach our goal of powering 100 per cent of our business on renewable energy by 2025—five years ahead of our original target of 2030.”

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.

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Once operational, Amazon’s 310 projects are expected to produce 42,000GWh of renewable energy each year—enough electricity output to power 3.9 million US homes annually. 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 co-founded The Climate Pledge in 2019, committing to reach net-zero carbon by 2040—10 years ahead of the Paris Agreement. The Pledge now has more than 300 signatories, including Best Buy, IBM, Microsoft, PepsiCo, Siemens, Unilever, Verizon, and Visa.

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