Iberdrola and Amazon invest in the future of renewable energy

Iberdrola and Amazon are jointly committing to the energy transition by developing large-scale renewable energy projects. They are also partnering to improve the digitalization of the energy industry through the use of advanced technologies.

Share:

Iberdrola and Amazon announced to collaborate in renewable energy. The partnership aims to support the development of large-scale renewable energy projects and improve digitalization in the energy transition. It represents an important step in the transformation of the energy industry, as it facilitates closer cooperation between technology companies and clean energy companies.

Development of renewable energy projects between Iberdrola and Amazon

Large-scale renewable energy projects are essential to combat climate change. As a result, Iberdrola and Amazon have agreed to partner on new wind and solar capacity by signing power purchase agreements (PPAs) for projects in Europe, the U.S. and Asia-Pacific. These agreements will help Amazon reach its goal of 100% renewable energy by 2025 – five years ahead of its original 2030 commitment.

Iberdrola’s offshore wind farms in Germany (Baltic Eagle and Windanker) will provide Amazon with 1.1 terawatt hours (TWh) of clean energy each year, equivalent to the annual electricity needs of more than 314,000 European homes. Baltic Eagle, located in the Baltic Sea, will have a total capacity of 476 megawatts (MW) when completed in 2024. Windanker, also located in the Baltic Sea, will have 300 MW of installed capacity and will be completed in 2026. The projects are part of Iberdrola’s Baltic Hub, which will have a total capacity of 1,100 MW, making it one of the largest offshore wind clusters in the region.

Digitalization of the energy transition

In addition to the agreement with Amazon for renewable energy, Iberdrola has selected Amazon Web Services, Inc. (AWS) as a preferred cloud provider. AWS will help the energy company as it embarks on further digitization to support smarter grids, customer engagement and connected clean energy.

Cloud computing technology is an increasingly important technology for businesses, as it allows them to store and process data more efficiently and at a lower cost. Iberdrola will use AWS to further digitize its processes and create new digital services that will help improve the efficiency and reliability of energy supply.

A partnership between Iberdrola and Amazon to promote renewable energy

According to Matt Garman, senior vice president of global sales, marketing and services at AWS, “Innovation is critical to achieving our sustainability goals and accelerating the global energy transition.”

AWS will provide Iberdrola with a reliable, scalable, and cost-effective IT infrastructure to optimize renewable energy production, modernize the power grid to integrate renewable energy sources, and improve visibility into its operations.

The two companies will also work together on several sustainability-focused projects, including the creation of an Advanced Smart Assistant app to facilitate connectivity to devices such as electric vehicle chargers and solar panels. The latter will allow Iberdrola’s customers to play an active role in the transition.

Innovations are an important part of this collaboration. AWS uses its Lambda and SageMaker services to run code without provisioning or managing servers.

The Spanish company is already working with many partners to provide clean energy solutions. In particular, it has signed several cross-sector alliances to support the decarbonization of the economy.

Iberdrola and Amazon invest in the future

Iberdrola also announced that it will invest a record €47 billion between 2023 and 2025 to advance the energy transition. The company aims to install 52 GW of renewable energy capacity by 2025.

This partnership with AWS will enable Iberdrola to accelerate its transition to clean, renewable energy. With technological innovations and ambitious investments, the Spanish company is well positioned to become a global leader in energy transition.

Rio Tinto’s new CEO inherits a significant stock market discount and will need to overcome major regulatory, operational, and financial hurdles to swiftly restore the company's appeal to international investors, according to a Wood Mackenzie analysis.
Westbridge Renewable Energy enters digital infrastructure market with Fontus, a 380 MW data centre campus in Colorado, positioned to meet strong growth in US cloud and artificial intelligence services.
Offshore drilling company Borr Drilling Limited announced the completion of an initial tranche issuance of 30 million ordinary shares out of the planned 50 million, raising $61.5mn towards the total goal of $102.5mn.
EDF announces a new internal organization with key executive appointments to enhance decision-making efficiency and expedite the revival of nuclear and hydroelectric projects central to its industrial strategy.
Rubis announces half-year results of its liquidity agreement managed by Exane BNP Paribas, totalling 241,328 shares exchanged for an aggregate amount of €6.5mn in the first half of 2025.
Chinese oil giant CNOOC Limited appoints Zhang Chuanjiang as chairman, entrusting this experienced engineer to head the group's board of directors, strategic committee, and sustainability committee from July 8.
PTT Oil and Retail Business announces a 46% increase in net profit for the first quarter of 2025, driven by regional expansion in its energy and non-energy activities, alongside an integrated ESG strategy.
Shell revises downward its forecasts for the second quarter of 2025, anticipating notably a decline in Integrated Gas and Upstream segments, impacted by reduced volumes and lower profitability in several major activities.
The Luxembourg-based group will handle engineering, procurement, commissioning and installation of flexible pipelines and umbilicals to link a new field to Egypt’s existing offshore infrastructure, with offshore work scheduled for 2026.
British firm Octopus Energy is considering a £10 billion spin-off of Kraken Technologies, involving an upcoming minority stake sale, and has initiated preliminary discussions with banks to oversee the strategic operation within the next year.
Investment fund Ardian finalises its takeover of Akuo and appoints former Électricité de France executive Bruno Bensasson to steer the renewable-energy developer’s growth towards five gigawatts of installed capacity by 2030.
TotalEnergies acquires 50% of AES' renewable portfolio in the Dominican Republic following a previous purchase of 30% of similar assets in Puerto Rico, consolidating 1.5 GW of solar, wind, and battery storage capacities in the Caribbean.
TotalEnergies is selling half of a 604 MW Portuguese energy portfolio to the Japanese consortium MM Capital, Daiwa Energy and Mizuho Leasing for €178.5mn, retaining operation and future commercialisation of the assets concerned.
Q ENERGY France secures a bank financing of €109 million arranged by BPCE Energeco to build four new energy production facilities, totalling 55 MW of wind and solar capacity by the end of 2024.
Shell announces amendment of two annual reports after notification by Ernst & Young of non-compliance with SEC auditor partner rotation rules; however, financial statements remain unchanged.
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.