Amazon Announces Plans to Invest in 18 New Renewable Energy Projects

Amazon Announces Plans to Invest in 18 New Renewable Energy Projects

In ESG by Shelly KramerLeave a Comment

Amazon Announces Plans to Invest in 18 New Renewable Energy Projects

The News: Recently, Amazon announced plans to invest in 18 new renewable energy projects. The utility-scale wind and solar energy projects are across the U.S., Finland, Germany, Italy, Spain, and the UK. With these new investments, Amazon now has 274 renewable energy projects globally and will likely achieve its goal of powering 100% of business operations with renewable energy by 2025 instead of 2030, as originally committed. Read the full details on the Amazon website here.

Amazon Announces Plans to Invest in 18 New Renewable Energy Projects

Analyst Take: In September, CEO Andy Jassy said that Amazon has an obligation, now more than ever, to lead the fight for the planet. And it’s clear that tech giant is going to make good on that commitment. With this latest announcement, Amazon continues to be a leader in sustainable enterprises, with an impressive scale of projects that just keeps growing.

These 18 latest renewable energy projects will bring Amazon’s total committed renewable electricity production capacity to more than 12 GW and 33,700 gigawatt hours — enough electricity to power some three million U.S. homes a year.

The projects will supply energy for Amazon’s corporate offices, fulfillment centers, and AWS data centers — all of which require no small amount of energy to operate. Amazon predicts that the energy produced will eliminate the annual emissions of the equivalent of three million cars each year.

Renewable Energy Project Details

Amazon’s 18 renewable energy projects are a global effort. For a deeper look at all of Amazon’s initiatives, you can check out the interactive map on their website. Here are the details of the new projects that will soon be added to the map:

  • Eight projects in the U.S. including solar projects in Arizona, Georgia, Ohio, Texas, and Virginia
  • A solar project paired with battery storage in Arizona that will allow the company to collect and store energy for periods of high demand even when the sun is not shining
  • Four wind projects across Finland adding 158 MW of renewable energy
  • Solar and wind projects in Spain, Italy, and Northern Ireland adding to its total of 3.5 GW of renewable energy in Europe

Amazon Can’t Fight This Battle Alone

In September, Andy Jassy also said that the company’s commitment to sustainability and renewable energy was not a solo venture. Other companies are stepping up to the plate with a variety of projects aimed at reducing their respective carbon footprints. Microsoft just announced three data centers that will run completely on renewable energy. In October, Apple announced it doubled the number of suppliers that will transition to renewable energy. And 86 companies signed on to Amazon’s climate pledge in September, bringing the total number to over 200.

It’s promising to see companies take sustainability into their own hands. The announcement yesterday continues to build on the momentum of pledges from the last few months. I hope we continue to see it grow and enterprise organizations will play a pivotal role in the investment and adoption of ESG initiatives.

Disclosure: Futurum Research is a research and advisory firm that engages or has engaged in research, analysis, and advisory services with many technology companies, including those mentioned in this article. The author does not hold any equity positions with any company mentioned in this article.

Other insights from Futurum Research:

AWS Provides Six Key New Reasons to Adopt and Use Amazon SageMaker 

Amazon Trains Drivers and Transport Employees in Effort to Fight Human Trafficking 

Amazon Air and U.S. Airlines Become Founding Members of New Aviators Group Committed to Driving Investment in Sustainable Aviation Fuels

Image Credit: Amazon

 

The original version of this article was first published on Futurum Research.

Shelly Kramer is a 20+ year marketing veteran and CEO of V3 Broadsuite, a marketing consultancy, and the President of Broadsuite Media Group. She’s a business strategist focused on B2B digital transformation, and delivering integrated marketing solutions for clients. She’s an expert at omnichannel marketing, content strategy and execution, connecting social media to business initiatives, and helping clients leverage the web for growth and profitability.