Amazon Reports New Record for Most Renewable Energy Purchased by a Single Company | Financial Buzz

Amazon Reports New Record for Most Renewable Energy Purchased by a Single Company, Inc. (NASDAQ: AMZN) reported that in 2022 it grew its renewable energy capacity by 8.3 gigawatts through 133 new projects in 11 countries. Amazon currently has over 20 GW that could generate energy to power 5.3 million U.S. homes across 401 renewable energy projects in 22 countries. The renewable energy purchase continue to add new solar and wind projects on the grids that power Amazon’s operations that include Amazon Web Services data centers, Amazon fulfillment centers and physical stores around the world. Amazon has set a new corporate record for most renewable energy announced by a single company in one year. This brings Amazon closer to powering its operations with 100% renewable energy by 2025, five years ahead of its original 2030 target. In 2022 the company announced new projects in Australia, Finland, Canada, France Germany, Japan, Poland, Singapore, Spain and the United States. Amazon has also broken ground in Brazil, India and Indonesia. With the additional 25 new renewable energy projects secured to close out the yar, the company now has 401 projects globally that include 164 wind farms and solar farms, including 237 rooftop solar projects on Amazon facilities.

“As we continue to launch new renewable energy projects around the world, we’re pleased to be on track to power our operations with 100% renewable energy, five years ahead of our original target. With 133 projects in 11 countries announced in 2022, Amazon had another record year,” said Adam Selipsky, CEO of AWS. “These projects highlight the diversity of our renewable energy sources and showcase our ability to bring new technologies to new markets and further reduce the impacts of climate change.” “Amazon’s clean energy portfolio doesn’t just top the corporate charts—it is now among the leading utilities globally, as well,” said Kyle Harrison, head of sustainability research at Bloomberg New Energy Finance. “The fact that it announced a new annual record of clean energy in a year mired by a global energy crisis, supply chain bottlenecks and high interest rates speaks to its forward planning and expertise in navigating power markets and executing long-term contracts.”

“Amidst the market uncertainty of 2022, Amazon led clean energy buyers and doubled down on its commitment to renewable energy,” said Miranda Ballentine, CEO of Clean Energy Buyers Association (CEBA). “Amazon’s commitment to decarbonization is demonstrated through its leading placement on CEBA’s Deal Tracker Top 10, within our member community, and on a global scale.”

“As Asia continues to transition away from coal and gas, these investments by Amazon in wind and solar are further evidence that there is a large and growing corporate renewable electricity demand in this region. We look forward to continuing to work with Amazon and our other ACEC members to rapidly increase the supply of renewables and to achieve our shared 100% renewable ambitions in the region,” said Sam Kimmins, director of energy at Climate Group and Asia Clean Energy Coalition (ACEC) spokesperson.

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