Climate Energy

Amazon has increased its purchase of renewable energy by 40%

Amazon has reaffirmed its status as the world’s largest corporate purchaser of renewable energy. Renewable energy procurement climbed by 40 percent during a 12-month period, according to a corporate update. Amazon currently has 274 clean energy ventures throughout the world, enough to power over three million homes in the United States. In addition, the business announced the development of 18 new utility-scale solar and wind energy projects in the United States, Spain, Finland, Germany, Italy, and the United Kingdom, totaling 2GW of clean energy capacity.

Amazon is going to add 5.6GW of the renewable energy capacity in 2021 when combined with initiatives announced earlier this year. The corporation wants to be powered entirely by renewable energy by 2025, 5 years ahead of its original objective of 2030.

Amazon has announced 274 renewable energy projects throughout the world, including 105 utility-scale solar and wind projects and 169 solar rooftops on facilities and stores around the world.

Amazon’s Climate Pledge aims to make it a net-zero firm globally by 2040. It is collaborating with Christiana Figueres and Tom Rivett-Global Carnac’s Optimism to encourage other corporations to make similar pledges. Henkel, Microsoft, Unilever, Best Buy, Coca-Cola European Partners, and Siemens are among the other supporters.

“Amazon is making no effort to hide its commitment to a sustainable energy future,” said Gregory Wetstone, president and CEO of the American Council on Renewable Energy.

 

Dogger Bank

SSE Renewables and Equinor, the businesses behind Dogger Bank wind farm, have completed financial close on the project’s third phase. Dogger Bank Wind Farm will receive a total investment of £9 billion, including £3 billion in phase C funding.

When completed in March 2026, Dogger Bank will be the world’s largest offshore wind farm. It is going to have a capacity of about 1,200MW and produce roughly 6TWh of electricity. Dogger Bank will generate sufficient clean, renewable electricity to meet 5% of the UK’s demand, which is enough to power six million UK homes.

“It’s a great accomplishment to be attaining financial close on the third phase of the world’s largest offshore wind project just weeks after COP26 concluded in Glasgow, and today points an important early landmark in the delivery of our Net Zero Acceleration Programme,” SSE CEO Alistair Phillips-Davies said.

Dogger Bank’s two phases reached financial close late last year, with capital expenditure totaling roughly £6 billion, making it the world’s largest offshore wind project finance.

The first two phases of the project, according to SSE Renewables and Equinor, will require an entire capital expenditure of roughly £3 billion, comprising an offshore transmission capex of about £800 million each phase.

About the author

Mike Butcher

Mike Butcher

Mike is a seasoned journalist with nearly 10 years of experience. While studying journalism at the University of Tennessee, Mike found a passion for finding engaging stories. As a contributor to Downey Magazine, Mike mostly covers state and national developments.
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