Amazon adds 1 GW of renewable energy projects to European portfolio

US technology and e-commerce group Amazon.com Inc (NASDAQ:AMZN) has further expanded its portfolio of renewable energy projects backing its European operations, adding more than 1 GW of clean energy capacity as it works to achieve its overall renewables goal.

The tech giant, which is the world’s largest corporate purchaser of renewable energy, on Monday announced 39 renewable energy projects that have joined its European portfolio since the start of the year. The list includes 24 utility-scale wind and solar projects in Finland, Germany, Greece, Spain, Sweden and the UK, as well as 15 rooftop photovoltaic (PV) installations in Belgium, France, Italy, Spain, and the UK.

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Overall, Amazon has now enabled more than 160 wind and solar projects across 13 European countries that are expected to bring 5.8 GW of new clean energy capacity to the continent. Its investment in such schemes created an economic activity worth EUR 2.4 billion (USD 2.54bn) between 2014 and 2022.

“Corporate investment is an important catalyst to help transition toward a clean energy future, and we look forward to continuing to work with governments, local communities, and energy providers across Europe to deliver more renewable energy into local grids,” said Lindsay McQuade, Director of Energy, EMEA at Amazon.

Amazon’s goal is to power its operations with 100% renewable energy by 2025, five years earlier than initially planned. In 2022, 90% of the power consumed by the group worldwide came from renewable energy sources.

(EUR 1.0 = USD 1.058)