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Bloomberg
Amazon.com Inc struck deals to boost its access to renewable energy by almost a third as the company looks to get all of its power from green sources within a few years.
The retail giant will buy power from 3.5 gigawatts of new projects — mostly solar farms in the US — to supply its offices, warehouses and data centers, it said in a statement. Amazon is seeking to bolster its standing as the world’s largest corporate green energy buyer as investors and consumers pressure big businesses to go greener, and has signed a number of deals in recent years.
Power purchase agreements are a key way to scale up green energy. Buyers can use them to reach corporate sustainability goals, while developers benefit by having stable demand for electricity that can help underpin financing agreements to build new projects.
“There’s more competition in the marketplace for wind and solar deals,†said Nat Sahlstrom, head of global energy at Amazon Web Services. The cloud-computing unit’s data centres are a major
contributor to Amazon’s electricity use.