Amazon Sets a New Record for Most Renewable Energy Purchased by a Single Company
The company’s renewable energy portfolio now totals more than 20 GW and will generate enough clean energy to power 5.3 million homes in the
Amazon’s renewable energy purchases last year brought it closer to powering its operations with 100% renewable energy by 2025—five years ahead of its original target
With these continued investments, Amazon set a new corporate record for the most renewable energy announced by a single company in one year. The company remains the largest corporate buyer of renewable energy—a position it’s held since 2020, according to Bloomberg New Energy Finance. Amazon’s continued investment in renewable energy helps to accelerate growth in new regions through innovative deal structures, technologies, and cloud solutions.
These purchases also bring 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
“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
In addition to the 108 clean energy projects the company announced in 2022, Amazon today is announcing 25 additional 2022 clean energy projects. These include:
- Eleven new projects in
Europe, including Finland, Germany, Italy, Spain, and the United Kingdom, totaling 372 megawatts (MW) of capacity. Tapping into one of the world’s best renewable energy resources, Amazon continued to add to its portfolio of offshore wind projects, investing in two new offshore wind projects in Europetotaling 280 MW of capacity.
- Four new projects in
North America, totaling 918 MW of energy in Arizona, California, and Texas. A new solar project paired with energy storage in Californiaallows Amazon to store clean energy produced by its solar projects and deploy it when solar energy is not available, such as in the evening hours, or during periods of high demand. Also in California, Amazon added its first on-site solar project at the Amazon Air Hub, where employees pack and handle freight and conduct planeside operations.
- Ten new renewable energy projects in
India, Indonesia, and Japan. In India, a third 200 MW wind-solar hybrid project was added to Amazon’s first two wind-solar hybrid projects. Renewable hybrid energy systems can play a key role in helping Indiaaccelerate the decarbonization of power generation, lowering the cost of electricity in the medium term. These hybrid energy systems also maximize clean energy use on the grid by combining two technologies with different generation profiles, reducing variability in renewable generation, and improving grid stability. In Indonesia, Amazon invested in its first renewable energy projects, securing a first-of-its-kind agreement for corporations to access additional utility-scale solar projects. In Japan, Amazon added three on-site solar projects and a new 38 MW utility-scale solar project.
Rapidly scaling renewable energy is one of the most effective strategies to fight climate change. To ensure organizations’ renewable energy purchases have the greatest impact on emissions reductions, Amazon recently led the creation of the new Emissions First coalition. This coalition is leading advocacy efforts to modernize the world’s leading carbon-accounting standard, helping to reduce carbon from global electricity grids as quickly and cost-effectively as possible.
"Amazon's clean energy portfolio doesn't just top the corporate charts—it is now among the leading utilities globally, as well,” said
“Amidst the market uncertainty of 2022, Amazon led clean energy buyers and doubled down on its commitment to renewable energy,” said
“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
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 nearly 400 signatories, including Best Buy, IBM, Microsoft, PepsiCo, Siemens, Unilever, Verizon, and
Amazon is guided by four principles: customer obsession rather than competitor focus, passion for invention, commitment to operational excellence, and long-term thinking. Amazon strives to be Earth’s
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Source: Amazon.com, Inc.