Amazon has announced that it was the largest corporate purchaser of renewable energy globally in 2024, marking its fifth consecutive year in this position. The company cited data from Bloomberg NEF to support this claim.
In India, where fossil fuels dominate the energy grid, Amazon has invested in nine utility-scale solar and wind farms. These projects are expected to avoid 55 times more carbon emissions annually compared to similar projects in Sweden, which has one of the most decarbonized power grids.
The company reported that it now supports over 600 wind and solar projects, an increase from approximately 500 the previous year. These initiatives are projected to generate enough energy to power around 8.3 million U.S. homes.
This announcement follows Amazon’s recent achievement of reaching its goal of powering its global operations with 100% renewable energy, seven years ahead of its original target set for 2030. At the time of setting this goal in 2019, Amazon was utilizing only 42% renewable energy.
To further its renewable energy objectives, Amazon is focusing on projects located on grids heavily reliant on carbon-intensive energy sources to maximize their impact. The company has invested in over 40 utility-scale solar and wind projects across various regions with high emissions, including Australia, China, Greece, India, Indonesia, Poland, and South Africa, as well as in U.S. states like Louisiana and Mississippi.
Additionally, Amazon has accelerated its support for energy storage and firming technologies that enhance the use of clean energy despite the intermittent nature of sources like wind and solar. The company highlighted recent investments in solar and battery storage projects, along with agreements related to nuclear energy.
-Press release
