Amazon Announces New Renewable Energy Contracts In Spain

• Amazon has announced new renewable energy offtake agreements in Spain 
• The fresh PPAs are for a combined 596 MW of wind and solar PV capacity 
• These expand the company's Spanish renewable energy portfolio to around 3 GW 

Global e-commerce and technology giant Amazon has signed fresh power purchase agreements (PPA) with a combined 596 MW of wind and solar power capacity in Spain. It claims this reaffirms its position as the largest corporate buyer of renewable energy in Spain. 

It will source this capacity from 12 new off-site renewable energy projects, comprising 4 wind farms and 8 solar PV facilities. 

The company does not reveal the suppliers, locations or individual capacities of the projects contracted in its official statement. 

It says the new agreements expand its renewable energy capacity in Spain to over 2.9 GW with a total of 79 projects. These include 49 off-site installations divided into 40 solar PV and 9 wind farms, and 30 rooftop solar systems on its buildings. 

"The solar and wind energy projects we are promoting help us power our operations, as well as provide clean energy to the grid and support the economic growth of the communities where our employees and our customers live and work," said Amazon's Vice President and General Director in Spain, Italy and Portugal, Mariangela Marseglia.  

Amazon counts more than 500 renewable energy projects in its global portfolio. Once operational, all of these will together generate more than 77,000 GWh annually. 

Amazon targets to have its global operations powered by 100% renewable energy by 2025. Already operational facilities are powering its fulfilment centers, Amazon Web Services (AWS) data centers, corporate offices, and physical stores, among other operations. 

It was the world's largest corporate renewable energy buyer in 2023 having signed 8.8 GW DC of PPAs across 16 nations last year followed by Meta, according to Bloomberg New Energy Finance (see BNEF: US Corporations Led Clean Power Buying In 2023). 

This year, another technology behemoth Microsoft is already giving competition to Amazon in this space. Earlier this month, it signed up Brookfield for more than 10.5 GW of clean wind, solar and other clean energy technologies in the US and Europe (see Microsoft Signs Up For Over 10.5 GW New RE Capacity).