Amazon becomes 1st Renewable Buyer in the World

Amazon becomes the world's leading renewable energy buyer after becoming Europe's leading renewable buyer in April 2021.|Amazon becomes the world's leading renewable energy buyer after becoming Europe's leading renewable buyer in April 2021.

Partagez:

Amazon has become the world’s largest purchaser of renewable energy.
Its goal is to achieve carbon neutrality by 2040, ten years ahead of the target set out in the Paris Agreement signed in 2015.

Amazon deploys 232 renewable energy projects worldwide

After becoming the world’s leading purchaser of renewable energies (RE) in Europe, Amazon is now the world’s leading buyer.
The company has launched a total of 232 renewable energy projects across the globe.
Once they are all up and running, they should be able to supply nearly 2.5 million people in the United States alone.
With this in mind, the company co-founded The Climate Pledge initiative with Global Optimism in 2019.
The objectives are multiple.
The first is to achieve a net zero carbon footprint by 2040.
The second is to power local activities with 100% renewable energy by 2025.
The latter measure is 5 years ahead of the original 2030 target.

Investments worldwide

Amazon’s investments in solar and wind power are not limited to the United States.
14 new projects are in the pipeline in various countries.
In Europe, a new wind farm is due to be built in Finland by 2022.
As for Spain, a fifth project financed by the company is due to see the light of day by 2023.
This will bring the country’s total capacity to 520 MW.
The largest project in the pipeline, however, remains on the American continent.
It aims to support parks in Vulcan County and Alberta, Canada, to power an additional 100,000 homes.

Leadership in the energy transition

The solar and wind energy projects have been designed to meet the company’s needs.
Ultimately, they should provide all the energy required for the company’s offices and Amazon Web Service (AWS) data center.
On the one hand, this initiative will create hundreds of jobs.
On the other hand, it will be a major investment in local businesses.

Decarbonizing all electrical systems

Amazon’s leadership in the sector encourages the decarbonization of the electricity system.
Their commitments are intended to be a civic gesture.
In other words, it’s about showing the right gestures to adopt to protect the planet while meeting energy and business needs.
In this sense, the group is strongly supported by the US Solar Energy Industries Association (SEIA).
Amazon’s strength lies in its ability to encourage.
Its efforts in the RE sector have made it the world’s leading purchaser.

The Financial Superintendency of Colombia approves an amendment to Ecopetrol’s local bonds and commercial paper program, enabling issuance of sustainable, indexed, or in-kind repayable instruments.
ABO Energy is selling its subsidiary ABO Energy Hellas and an energy project portfolio of approximately 1.5 gigawatts to HELLENiQ ENERGY Holdings, thus refocusing its strategic resources towards other markets, notably Germany, without major financial impact anticipated for 2025.
Iberdrola announces a supplementary dividend of €0.409 per share for 2024 under the "Iberdrola Retribución Flexible" programme, bringing the total annual remuneration to €0.645 per share, representing a year-on-year increase of 15.6%.
BHP has signed contracts with COSCO Shipping to charter two ammonia-powered Newcastlemax bulk carriers, primarily for transporting iron ore between Western Australia and Northeast Asia starting from 2028.
CBAK Energy and Anker Innovations jointly launch a battery cell manufacturing facility in Malaysia, with a commercial potential estimated at $357 million, further strengthening their strategic partnership in the lithium-ion battery sector.
German energy group Badenova plans to invest $4.64 billion in its energy networks and capacity by 2050, including $232 million committed from 2025, according to the company's recently published annual financial results.
ORIX announces the sale of the majority of its stake in Greenko to AM Green Power and commits a new USD 731mn investment in the Luxembourg-based AMG holding, confirming its strategic repositioning in next-generation energy.
Invenergy seals four further contracts with Meta to supply nearly eight hundred megawatts of solar and wind power to the group’s data centres, lifting total cooperation between the two companies to one point eight gigawatts.
Pedro Azagra leaves his role as CEO of Avangrid to become CEO of Iberdrola, while Jose Antonio Miranda and Kimberly Harriman succeed him as CEO and Deputy CEO respectively of the American subsidiary.
The US investment fund Ares Management enters Plenitude's capital by acquiring a 20% stake from Eni, valuing the Italian company at 10 billion euros and reinforcing its integrated energy strategy.
ENGIE secures a contract to reduce Airbus' industrial emissions in France, Germany, and Spain, targeting an 85% decrease by 2030 through various local energy infrastructures.
Alain Rhéaume, Chairman of Boralex’s Board of Directors for eight years, will leave his position by December, following the appointment of his successor by the governance committee of the Canadian energy group.
Norwegian group Statkraft plans an annual cost reduction of NOK2.9bn ($292 million) by 2027, citing possible job cuts amid rising financial burdens and volatility in the European energy market.
EDF merges EDF Renouvelables and its International Division into EDF power solutions, led by Béatrice Buffon, to optimise its global 31 GW low-carbon energy portfolio and strengthen its international positioning.
TotalEnergies announces a strategic partnership with Mistral AI to establish a dedicated innovation laboratory integrating artificial intelligence tools aimed at enhancing industrial efficiency, research, and customer relations.
The Energy Transitions Commission warns of economic risks tied to growing protectionism around clean technologies, while calling for global consensus on carbon pricing.
Baker Hughes has reached an agreement to sell its precision sensor product line to Crane Company for $1.15bn, thereby refocusing its operations on core competencies in industrial and energy technologies.
American conglomerate American Electric Power sold 19.9% of two transmission subsidiaries to KKR and PSP Investments, raising $2.82bn to support its five-year $54bn investment plan.
The new mapping by Startup Nation Central identifies 165 active companies in Israel’s energy technologies, amid strong private funding and growing global market interest.
The new CEO of EDF, Bernard Fontana, aims to achieve €1 billion in operational cost savings for the French energy giant by 2030, prioritizing industrial contracts and the national nuclear sector.