Amazon Power Purchase Agreements

Amazon has signed the largest wind energy sales contract (ECA) in the UK. As part of the agreement, the company signed an ECA for a 50 MW wind project in Scotland`s Kintyre Peninsula. Once completed, the wind farm will produce 168,000 MWh of clean energy per year, enough to power 46,000 Uk homes. The wind and solar projects are expected to go live in 2021 and will be able to power Amazon Web Services` data centers that supply Amazon and millions of AWS customers worldwide. Amazon is also investing in two renewable energy projects in the United States, including solar power projects in North Carolina and Virginia, with a total capacity of 215 MW. 5. December (Renewables Now) – Amazon.com Inc (NASDAQ: AMZN) has set out to sign Power Purchase Agreements (PPAs) that, according to recent announcements, support nearly 200 MW of solar power in Spain and 122 MW of Swedish onshore wind. On Wednesday, British oil and gas group BP plc (LON:BP) announced that it will supply Amazon Web Services (AWS) data centers with renewable energy from 172 MW of new wind and solar projects in Spain and Sweden as part of a series of PPAs. Amazon plans to power its AWS data centers in the U.S. and U.K. with renewable energy The latest is German company Encavis AG (ETR:CAP), the company behind a new 200 MW solar farm near Seville, Spain. The operator of the wind and solar farm said Thursday that Amazon has reached a contractual agreement on electricity produced from part of 149 MW of the new facility, as confirmed in the previous press release of the US tech giant. Online retail giant Amazon has announced Power Purchase Agreements (PPAs) for three renewable energy projects with a total capacity of 265 MW in the UK and US.

Customer pressure, competition and advantageous prices from renewables, combined with expensive and energy-intensive businesses, have all been associated with companies` interest in renewable energy. Amazon Power Purchase Agreement (PPA) – Spree – all three included at least one deal in Europe – shows the “arms race” between tech giants to buy renewable electricity. The combination of falling renewable energy costs and increased demand for increased climate ambitions is putting pressure on companies such as Amazon, Google and Microsoft, which are under increased pressure to act to combat climate change. Enough to power around 46,000 homes in the UK. Amazon Web Services (AWS), Amazon`s subsidiary, which makes 12% of the company`s total profits and needs more and more electricity to operate its data centers, reached 50% renewable energy in 2018; It has been engaged in renewable energy projects since 2015, after declared in 2014 vague intentions to finally reach 100% renewable energy. Prior to this latest round, three Amazon wind farms, with a total value of 458 MW, were commissioned in three U.S. states in 2016; in November 2017, six solar farms followed for a total amount of 260 MW in Virginia. In April 2019, the company announced three wind farms in Ireland, Sweden and California, for a total of 229.2 MW, and in December, it announced investments in three solar farms with a total length of 509 MW in the United States and Spain. Last January, the company announced an AAA with a capacity of 82 MW to power its new secondary headquarters in Arlington, Virginia. Amazon has signed a power purchase agreement to source electricity from the 115 MW Ardderroo wind farm in western Ireland.

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