Amazon Adds 3.4GW of Renewables, Overtakes Google as Top Corporate Clean Power Buyer

Amazon is chasing down its 100 percent renewable goal with on-site installs, utilty-scale investment and corporate PPAs. Amazon’s renewable energy investments are a mixture of power-purchase agreements (PPAs), new-build utility-scale projects, on-site installations and participation in renewable certificate and guarantee programs. Amazon maps its renewable projects but does not discern between PPAs and newly added capacity. While Amazon says its roster of renewables sets a new corporate record, Google is planning to shift to 24/7 real-time matching of renewables. That could be argued to have a greater overall impact compared to PPAs and buying up certificates of origin. One of the new Amazon deals is a 10-year PPA with Ørsted for 250 megawatts of the planned 900 MW Borkum Riffgrund 3 offshore wind farm in Germany, the largest offshore wind corporate PPA in Europe. The project is expected to be operational by 2025. “This agreement shows that Ørsted is well placed to help corporations with green ambitions act on the global climate challenge,” Rasmus Errboe, the senior vice president and head of region for continental Europe at Ørsted offshore who is responsible for corporate PPAs, said in a statement. “The [corporate] PPA with Amazon on Borkum Riffgrund 3 will […]

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