{"id":397050,"date":"2020-12-10T06:03:11","date_gmt":"2020-12-10T11:03:11","guid":{"rendered":"http:\/\/www.marketnewsdesk.com\/?p=397050"},"modified":"2020-12-10T06:03:11","modified_gmt":"2020-12-10T11:03:11","slug":"amazon-becomes-worlds-largest-corporate-purchaser-of-renewable-energy-advancing-its-climate-pledge-commitment-to-be-net-zero-carbon-by-2040","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/amazon-becomes-worlds-largest-corporate-purchaser-of-renewable-energy-advancing-its-climate-pledge-commitment-to-be-net-zero-carbon-by-2040\/","title":{"rendered":"Amazon Becomes World\u2019s Largest Corporate Purchaser of Renewable Energy, Advancing its Climate Pledge Commitment to be Net-zero Carbon by 2040"},"content":{"rendered":"<p>        <!--.bwalignc { text-align: center; list-style-position: inside }body {font:normal small Arial,Helvetica,sans-serif;color:#000;background-color:#fff;padding:24px;margin:0;} a img {border:0;} h3 {font-size:medium;color:#000;margin:0 0 1em 0; text-align:center;}-->  <\/p>\n<p class=\"bwalignc\"><b>Amazon Becomes World\u2019s Largest Corporate Purchaser of Renewable Energy, Advancing its Climate Pledge Commitment to be Net-zero Carbon by 2040<\/b><\/p>\n<p class=\"bwalignc\"><i>The addition of 26 new utility-scale wind and solar projects in Australia, France, Germany, Italy, South Africa, Sweden, the UK, and the U.S. bring Amazon\u2019s total number of renewable energy projects to 127<\/i><\/p>\n<p class=\"bwalignc\"><i>Company\u2019s total renewable energy investments to date will supply 6.5 GW of electricity production capacity \u2014 enough to power 1.7 million U.S. homes for one year<\/i><\/p>\n<p>SEATTLE&#8211;(<a href=\"http:\/\/www.businesswire.com\">BUSINESS WIRE<\/a>)&#8211;<br \/>\nAmazon (NASDAQ: AMZN) today announced 26 new utility-scale wind and solar energy projects totaling 3.4 gigawatts (GW) of electricity production capacity, bringing its total investment in renewable energy in 2020 to 35 projects and more than 4 GW of capacity \u2014 the largest corporate investment in renewable energy in a single year. These new projects will make Amazon the largest-ever corporate purchaser of renewable energy.\n<\/p>\n<p>\nAmazon has now invested in 6.5 GW of wind and solar projects that will enable the company to supply its operations with more than 18 million megawatt hours (MWh) of renewable energy annually. This is enough to power 1.7 million U.S. homes for one year. These projects will supply renewable energy for Amazon\u2019s corporate offices, fulfillment centers, and Amazon Web Services (AWS) data centers that support millions of customers globally. They will also help advance Amazon\u2019s goal to reach net-zero carbon emissions across its business by 2040. Part of that commitment is powering Amazon\u2019s infrastructure with 100% renewable energy, and the company is now on a path to achieve this milestone by 2025, five years ahead of the initial 2030 target.\n<\/p>\n<p>\n\u201cAmazon is helping fight climate change by moving quickly to power our businesses with renewable energy,\u201d said Jeff Bezos, Amazon founder and CEO. \u201cWith a total of 127 solar and wind projects, Amazon is now the biggest corporate buyer of renewable energy ever. We are on a path to running 100% of our business on renewable energy by 2025 \u2014 five years ahead of our original target of 2030. This is just one of the many steps we\u2019re taking that will help us meet our Climate Pledge. I couldn\u2019t be more proud of all the teams across Amazon that continue to work hard, smart, and fast to get these projects up and running.\u201d\n<\/p>\n<p>\nThe 26 new wind and solar projects announced today are located in Australia, France, Germany, Italy, South Africa, Sweden, the U.K., and the U.S. The new projects are Amazon\u2019s first in France, Germany, Italy, and South Africa. In the U.S., Amazon has now enabled wind and solar projects in California, Delaware, Illinois, Indiana, Kansas, Kentucky, Nebraska, North Carolina, Ohio, Texas, and Virginia. Amazon has a total of 127 renewable energy projects globally, including 59 utility-scale wind and solar renewable energy projects and 68 solar rooftops on fulfillment centers and sort centers around the globe.\n<\/p>\n<p>\n\u201cPrivate sector investment is essential to scaling renewable energy at the pace necessary to drive global climate action,\u201d said Miranda Ballentine, CEO of Renewable Energy Buyers Alliance (REBA). \u201cThe U.S.-based projects alone make Amazon\u2019s announcement 270% larger than the largest corporate procurement announcement from a single off-taker to date, and showcase the company\u2019s leadership and commitment to a clean and prosperous energy future.\u201d\n<\/p>\n<p>\n\u201cOn behalf of the renewable sector, we applaud Amazon for its unprecedented contribution to the renewable energy transition this year. With an impressive 35 major new renewable projects in 2020, Amazon deserves tremendous credit for its leadership in the global shift to renewable energy. Procuring more than 4,000 MW of new renewable power in a single year is an incredible achievement, and it marks big progress toward Amazon\u2019s goal of being powered by 100% renewable power. We are immensely grateful to Amazon for their efforts to help us stay within shouting distance of the greenhouse gas emission reductions scientists say are needed to avoid the worst impacts of climate change,\u201d said Gregory Wetstone, President and CEO, American Council on Renewable Energy (ACORE).\n<\/p>\n<p>\nLast year, Amazon and Global Optimism co-founded The Climate Pledge, a commitment to reach the Paris Agreement 10 years early and be net-zero carbon by 2040. The pledge now has 31 signatories, including Unilever, Verizon, Siemens, Microsoft, and Best Buy. To reach its goal, Amazon will continue to reduce emissions across its operations by establishing a path to power its operations with 100% renewable energy, five years ahead of the company\u2019s initial target of 2030; delivering its Shipment Zero vision to make all shipments net-zero carbon, with 50% net-zero carbon by 2030; and purchasing 100,000 electric delivery vehicles, the largest order ever of electric delivery vehicles. For more information, visit <a rel=\"nofollow\" href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=https%3A%2F%2Fsustainability.aboutamazon.com%2F&amp;esheet=52346100&amp;newsitemid=20201210005304&amp;lan=en-US&amp;anchor=https%3A%2F%2Fsustainability.aboutamazon.com%2F&amp;index=1&amp;md5=8e205b3de892d71f9f5507a3f1feab2c\">https:\/\/sustainability.aboutamazon.com\/<\/a>.\n<\/p>\n<p><strong>About Amazon<\/strong><\/p>\n<p>\nAmazon is guided by four principles: customer obsession rather than competitor focus, passion for invention, commitment to operational excellence, and long-term thinking. Customer reviews, 1-Click shopping, personalized recommendations, Prime, Fulfillment by Amazon, AWS, Kindle Direct Publishing, Kindle, Fire tablets, Fire TV, Amazon Echo, and Alexa are some of the products and services pioneered by Amazon. For more information, visit <a rel=\"nofollow\" href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=https%3A%2F%2Famazon.com%2Fabout&amp;esheet=52346100&amp;newsitemid=20201210005304&amp;lan=en-US&amp;anchor=amazon.com%2Fabout&amp;index=2&amp;md5=d382448392e18105c4147d4f448d0c46\">amazon.com\/about<\/a> and follow <a rel=\"nofollow\" href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=https%3A%2F%2Ftwitter.com%2FAmazonNews&amp;esheet=52346100&amp;newsitemid=20201210005304&amp;lan=en-US&amp;anchor=%40AmazonNews&amp;index=3&amp;md5=08e5b255f122e78dd316461ed7b0a744\">@AmazonNews<\/a>.\n<\/p>\n<p><b>About Amazon Web Services<\/b><\/p>\n<p>\nFor 14 years, Amazon Web Services has been the world\u2019s most comprehensive and broadly adopted cloud platform. AWS offers over 175 fully featured services for compute, storage, databases, networking, analytics, robotics, machine learning and artificial intelligence (AI), Internet of Things (IoT), mobile, security, hybrid, virtual and augmented reality (VR and AR), media, and application development, deployment, and management from 77 Availability Zones (AZs) within 24 geographic regions, with announced plans for 18 more Availability Zones and six more AWS Regions in Australia, India, Indonesia, Japan, Spain, and Switzerland. Millions of customers\u2014including the fastest-growing startups, largest enterprises, and leading government agencies\u2014trust AWS to power their infrastructure, become more agile, and lower costs. To learn more about AWS, visit <a rel=\"nofollow\" href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=http%3A%2F%2Faws.amazon.com&amp;esheet=52346100&amp;newsitemid=20201210005304&amp;lan=en-US&amp;anchor=aws.amazon.com&amp;index=4&amp;md5=bab1c1fa0ca5411c2ac85e7f32d72441\">aws.amazon.com<\/a>.\n<\/p>\n<p><img decoding=\"async\" alt=\"\" src=\"https:\/\/cts.businesswire.com\/ct\/CT?id=bwnews&amp;sty=20201210005304r1&amp;sid=flmnd&amp;distro=nx&amp;lang=en\" style=\"width:0;height:0\" \/><span class=\"bwct31415\" \/><\/p>\n<p id=\"mmgallerylink\"><span id=\"mmgallerylink-phrase\">View source version on businesswire.com: <\/span><span id=\"mmgallerylink-link\"><a href=\"https:\/\/www.businesswire.com\/news\/home\/20201210005304\/en\/\" rel=\"nofollow\">https:\/\/www.businesswire.com\/news\/home\/20201210005304\/en\/<\/a><\/span><\/p>\n<p>\nAmazon.com, Inc.<br \/>\n<br \/>Media Hotline<br \/>\n<br \/><a rel=\"nofollow\" href=\"mailto:Amazon-pr@amazon.com\">Amazon-pr@amazon.com<br \/>\n<\/a><br \/><a rel=\"nofollow\" href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=http%3A%2F%2Fwww.amazon.com%2Fpr&amp;esheet=52346100&amp;newsitemid=20201210005304&amp;lan=en-US&amp;anchor=www.amazon.com%2Fpr&amp;index=5&amp;md5=505265cc06626cb3313da48dcd02b2eb\">www.amazon.com\/pr<\/a><\/p>\n<p><b>KEYWORDS:<\/b> Australia\/Oceania South Africa Italy Africa Australia North America United States United Kingdom Europe Germany Sweden Washington<\/p>\n<p><b>INDUSTRY KEYWORDS:<\/b> Mobile\/Wireless Technology Public Relations\/Investor Relations Other Energy Utilities Communications Alternative Energy Energy Internet Data Management<\/p>\n<p><b>MEDIA:<\/b><\/p>\n<table cellpadding=\"3\" cellspacing=\"3\">\n<tr>\n<td><font face=\"Arial\" size=\"2\"><b>Logo<\/b><\/font><\/td>\n<\/tr>\n<tr>\n<td><img decoding=\"async\" src=\"https:\/\/mms.businesswire.com\/media\/20201210005304\/en\/3799\/3\/logo_white_.jpg\" alt=\"Logo\" \/><\/td>\n<\/tr>\n<tr>\n<td><font face=\"Arial\" size=\"2\"><\/font><\/td>\n<\/tr>\n<\/table>\n","protected":false},"excerpt":{"rendered":"<p>Amazon Becomes World\u2019s Largest Corporate Purchaser of Renewable Energy, Advancing its Climate Pledge Commitment to be Net-zero Carbon by 2040 The addition of 26 new utility-scale wind and solar projects in Australia, France, Germany, Italy, South Africa, Sweden, the UK, and the U.S. bring Amazon\u2019s total number of renewable energy projects to 127 Company\u2019s total renewable energy investments to date will supply 6.5 GW of electricity production capacity \u2014 enough to power 1.7 million U.S. homes for one year SEATTLE&#8211;(BUSINESS WIRE)&#8211; Amazon (NASDAQ: AMZN) today announced 26 new utility-scale wind and solar energy projects totaling 3.4 gigawatts (GW) of electricity production capacity, bringing its total investment in renewable energy in 2020 to 35 projects and more than 4 GW of &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.marketnewsdesk.com\/index.php\/amazon-becomes-worlds-largest-corporate-purchaser-of-renewable-energy-advancing-its-climate-pledge-commitment-to-be-net-zero-carbon-by-2040\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;Amazon Becomes World\u2019s Largest Corporate Purchaser of Renewable Energy, Advancing its Climate Pledge Commitment to be Net-zero Carbon by 2040&#8221;<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-397050","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.4 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Amazon Becomes World\u2019s Largest Corporate Purchaser of Renewable Energy, Advancing its Climate Pledge Commitment to be Net-zero Carbon by 2040 - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/amazon-becomes-worlds-largest-corporate-purchaser-of-renewable-energy-advancing-its-climate-pledge-commitment-to-be-net-zero-carbon-by-2040\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Amazon Becomes World\u2019s Largest Corporate Purchaser of Renewable Energy, Advancing its Climate Pledge Commitment to be Net-zero Carbon by 2040 - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"Amazon Becomes World\u2019s Largest Corporate Purchaser of Renewable Energy, Advancing its Climate Pledge Commitment to be Net-zero Carbon by 2040 The addition of 26 new utility-scale wind and solar projects in Australia, France, Germany, Italy, South Africa, Sweden, the UK, and the U.S. bring Amazon\u2019s total number of renewable energy projects to 127 Company\u2019s total renewable energy investments to date will supply 6.5 GW of electricity production capacity \u2014 enough to power 1.7 million U.S. homes for one year SEATTLE&#8211;(BUSINESS WIRE)&#8211; Amazon (NASDAQ: AMZN) today announced 26 new utility-scale wind and solar energy projects totaling 3.4 gigawatts (GW) of electricity production capacity, bringing its total investment in renewable energy in 2020 to 35 projects and more than 4 GW of &hellip; Continue reading &quot;Amazon Becomes World\u2019s Largest Corporate Purchaser of Renewable Energy, Advancing its Climate Pledge Commitment to be Net-zero Carbon by 2040&quot;\" \/>\n<meta property=\"og:url\" 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utility-scale wind and solar projects in Australia, France, Germany, Italy, South Africa, Sweden, the UK, and the U.S. bring Amazon\u2019s total number of renewable energy projects to 127 Company\u2019s total renewable energy investments to date will supply 6.5 GW of electricity production capacity \u2014 enough to power 1.7 million U.S. homes for one year SEATTLE&#8211;(BUSINESS WIRE)&#8211; Amazon (NASDAQ: AMZN) today announced 26 new utility-scale wind and solar energy projects totaling 3.4 gigawatts (GW) of electricity production capacity, bringing its total investment in renewable energy in 2020 to 35 projects and more than 4 GW of &hellip; Continue reading \"Amazon Becomes World\u2019s Largest Corporate Purchaser of Renewable Energy, Advancing its Climate Pledge Commitment to be Net-zero Carbon by 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