popular articles

Amazon becomes 1st Renewable Buyer in Europe

Please share:

This week, Amazon became Europe’s largest purchaser of renewable energy with 9 new wind and solar projects.
In all, the American web giant now has 206 renewable energy projects worldwide.
The group is thus one step closer to its goal of carbon neutrality by 2025.
Here’s a look at Amazon’s strategy for reducing its carbon footprint and its consequences.

Amazon, European leader in renewable energies

This week, Amazon became Europe’s leading purchaser of renewable energy (RE).
The American company confirmed this status in a press release announcing a new investment in nine solar and wind power projects.
The online retailer now has 206 renewable energy projects worldwide.
Already present in Europe, the United States (USA) and India, Amazon continues to develop solar and wind power projects in various parts of the world.
Solar farms are under construction in China, Australia and South Africa.
The company has also installed photovoltaic panels on the roofs of its data centers and Whole Foods Market stores in the USA.

A substantial new investment

Amazon has therefore chosen to invest in nine new projects in five different countries: the USA, Canada, the UK, Spain and Sweden.
These include a 350 MW wind farm on the coast of Scotland, another 258 MW onshore wind project in northern Sweden, and the first solar project in Canada.
Amazon now has a total capacity of 8.5 GW of renewable energy.

A record figure that has not failed to win praise from the environmental community.
Gregory Wetstone, President and CEO of theAmerican Council on Renewable Energy (ACORE), said: “Amazon continues to play a key role in the global corporate transition to renewable energy, demonstrating that ambitious renewable energy goals are both achievable and broadly beneficial”.

Objective of 100% renewable energy by 2025

All these projects bring Amazon closer to its clean consumption goals.
In 2019, the company founded by Jeff Bezos created a commitment with Global Optimism called The Climate Pledge.
Its aim is to achieve carbon neutrality by 2040, 10 years ahead of theParis Agreement, which sets a target of 2050 for the global economy.
Since its creation, The Climate Pledge has been ratified by 53 major companies, including IBM, Microsoft and Unilever.
Amazon also wants its electricity mix to be 100% RE by 2025, five years earlier than the original 2030 target.
With this in mind, the American site has promised other actions to promote carbon neutrality and the use of clean energies.
In particular, the company wants to make its transport and shipping less polluting, and is aiming for 50% carbon neutrality by 2030.

Deploy 100,000 electric delivery vehicles

The web giant is also promising to purchase 100,000 electric delivery vehicles, the largest order ever.
In total, the group’s investment in the development of de-carbonization solutions amounts to two billion dollars injected into The Climate Pledge.
Once again, a record.

GAFAMs consume more than some countries

But Amazon is also turning to renewable energies because its electricity consumption has reached unprecedented levels.
The group is a member of GAFAM (Google, Apple, Facebook, Amazon, Microsoft), the largest companies to dominate the digital market.
Today, these companies already consume more electricity than countries like Sri Lanka or Zambia.
These companies are therefore very energy-hungry, not least because of their data centers.
In 2018, it was already estimated that these data centers used 1% of the world’s electricity consumption.
According to estimates, they could account for 8% by 2030.

A risk for European power grids

Aware of the risks associated with its dependence on electricity, Amazon is logically turning to low-carbon electricity.
As with other GAFAM members, this decision is reflected in massive investments in renewable energy projects.
Last December, in addition to its recent commitments, Amazon signed a 650 MW renewable energy contract with the French group Engie.
The web giants also have a strong presence in Northern European wind farms, and this is not without consequences.
The various countries in the region fear an increase in demand for electricity, which would almost be privatized by the GAFAMs.
The Irish group EirGrid estimates that the increase in data centers could create electricity shortages as early as 2026.
In short, the deployment of renewable energies for GAFAM creates a risk for European electricity grids.
Amazon’s de-carbonization is therefore a key issue not only for the energy transition, but also for global electricity consumption.

Register free of charge for uninterrupted access.

Publicite

Recently published in

Nexans aims for increased financial performance by 2028, supported by significant investments in global electrification and a strategy focused on energy transition and recycling.
Masdar and KESH sign a strategic partnership to develop large-scale renewable energy projects, positioning Albania as a key player in the European energy market.
Masdar and KESH sign a strategic partnership to develop large-scale renewable energy projects, positioning Albania as a key player in the European energy market.
Polish energy giant Orlen partners with the European Investment Bank to modernize its energy distribution network, aiming to integrate renewable solutions and strengthen operational efficiency.
Polish energy giant Orlen partners with the European Investment Bank to modernize its energy distribution network, aiming to integrate renewable solutions and strengthen operational efficiency.
The Energy Infrastructure Partners (EIP) fund strengthens its investment in Plenitude, Eni's renewable energy subsidiary, valued at over 10 billion euros, to support its strategic growth.
The Energy Infrastructure Partners (EIP) fund strengthens its investment in Plenitude, Eni's renewable energy subsidiary, valued at over 10 billion euros, to support its strategic growth.
In the third quarter, Halliburton reports a 20% drop in net profit, mainly impacted by a cyberattack and slowing demand in North America, its key market.
Energias de Portugal (EDP) posts a 37% drop in profits for the third quarter of 2024. The Portuguese group nevertheless continues its investments in renewable energies to support its energy transition.
Energias de Portugal (EDP) posts a 37% drop in profits for the third quarter of 2024. The Portuguese group nevertheless continues its investments in renewable energies to support its energy transition.
The Italian energy giant Enel announces a 38% increase in net profit over nine months, reaching 5.9 billion euros, despite a context of falling electricity prices.
The Italian energy giant Enel announces a 38% increase in net profit over nine months, reaching 5.9 billion euros, despite a context of falling electricity prices.
Cable manufacturer Nexans announces the creation of Lynxeo, a distinct entity for its industrial cable business, aiming for greater clarity and market visibility.
Cable manufacturer Nexans announces the creation of Lynxeo, a distinct entity for its industrial cable business, aiming for greater clarity and market visibility.
The Global Battery Alliance reveals the results of a collaborative project involving the world’s largest battery manufacturers to harmonize transparency and sustainability in the battery supply chain.
Engie targets the top of its 2024 forecasts after strong quarterly performance
Engie targets the top of its 2024 forecasts after strong quarterly performance
Akastor ASA acquires Mitsui's shares in AKOFS Offshore for USD 22.5 million, increasing its stake to 75% and consolidating its position in the subsea intervention sector.
Akastor ASA acquires Mitsui's shares in AKOFS Offshore for USD 22.5 million, increasing its stake to 75% and consolidating its position in the subsea intervention sector.
Struggling in 2022, German energy company Uniper initiates a 530 million euro repayment to the German state. This payment represents a significant step toward reducing public influence within the company.
Struggling in 2022, German energy company Uniper initiates a 530 million euro repayment to the German state. This payment represents a significant step toward reducing public influence within the company.
ExxonMobil and Chevron’s quarterly results reveal pressure on refining margins, partially offset by increased volumes and significant shareholder support.
ADNOC, the national oil company of the United Arab Emirates, deploys autonomous artificial intelligence to optimize operations, reduce costs, and enhance energy efficiency.
ADNOC, the national oil company of the United Arab Emirates, deploys autonomous artificial intelligence to optimize operations, reduce costs, and enhance energy efficiency.
TotalEnergies projects a peak in global oil demand after 2030, influenced by population growth and infrastructure shortfalls, contrasting with BP's earlier forecast.
TotalEnergies projects a peak in global oil demand after 2030, influenced by population growth and infrastructure shortfalls, contrasting with BP's earlier forecast.
Dangote denounces the import of low-quality fuel undermining the growth of his refinery in Nigeria. The lack of control infrastructure hampers the enforcement of the country’s new fuel standards.
Dangote denounces the import of low-quality fuel undermining the growth of his refinery in Nigeria. The lack of control infrastructure hampers the enforcement of the country’s new fuel standards.
Schneider Electric announced the sudden departure of its CEO Peter Herweck, who had been in office since May 2023, due to disagreements over the company’s strategy. Olivier Blum takes over immediately.
The French Competition Authority has imposed fines totaling 470 million euros on Schneider Electric, Rexel, Sonepar, and Legrand for collusion in the low-voltage electrical equipment sector. These sanctions represent a strong response against market manipulation.
The French Competition Authority has imposed fines totaling 470 million euros on Schneider Electric, Rexel, Sonepar, and Legrand for collusion in the low-voltage electrical equipment sector. These sanctions represent a strong response against market manipulation.
Faced with Northvolt’s financial difficulties, Volvo Cars is buying out its partner’s stake in the Novo Energy joint venture, initially created to produce batteries for electric vehicles. Volvo is now seeking a new partner.
Faced with Northvolt’s financial difficulties, Volvo Cars is buying out its partner’s stake in the Novo Energy joint venture, initially created to produce batteries for electric vehicles. Volvo is now seeking a new partner.
Nexans, the French specialist in industrial cables, confirms its financial outlook for 2024, with a strategic announcement scheduled for November 13 to outline its future and priorities in the energy sector.
Nexans, the French specialist in industrial cables, confirms its financial outlook for 2024, with a strategic announcement scheduled for November 13 to outline its future and priorities in the energy sector.
Japanese electricity giant JERA reports a 52% decrease in its net semi-annual profit, marked by delayed adjustments in fuel prices and losses in the U.S. market. Analysis of the challenges and strategies to stabilize its performance.
Hit by equipment failure and challenging economic conditions, U.S.-based Dow reports a decline in net profits for the third quarter, while revenues show slight growth.
Hit by equipment failure and challenging economic conditions, U.S.-based Dow reports a decline in net profits for the third quarter, while revenues show slight growth.
Eni's Profit Drops 73%: The Group Weakened by Falling Oil Prices
Eni's Profit Drops 73%: The Group Weakened by Falling Oil Prices
Equinor announces a decline in its quarterly profits and adjusts its investment strategy in renewable energy, impacted by delays in the Dogger Bank project.
Equinor announces a decline in its quarterly profits and adjusts its investment strategy in renewable energy, impacted by delays in the Dogger Bank project.

Advertising