Amazon has Become Europe's Largest Corporate Buyer of Renewable Energy

Amazon announced nine major utility-scale wind and solar energy facilities in the United States, Canada, Spain, Sweden, and the United Kingdom today. The company now has 206 clean energy projects around the world, including 71 utility-scale wind and solar projects and 135 solar rooftops on facilities and shops, totaling 8.5 GW of electricity production capacity. With this latest announcement, Amazon has become Europe's largest corporate purchaser of renewable energy, with over 2.5 GW of renewable energy potential, enough to fuel more than two million European homes annually.

These projects provide renewable energy to Amazon's corporate offices, fulfillment centers, Whole Foods Market sites, and Amazon Web Services (AWS) data centers, which fuel Amazon and millions of AWS customers around the world. The renewable energy produced by these ventures also contributes to Amazon's pledge to produce sustainable energy equal to the electricity used by all user Echo products. Both of these projects set Amazon on track to fuel 100% of its operations with clean energies by 2025, five years earlier than the initial goal of 2030.

The nine new wind and solar projects announced today in the U.S., Canada, Spain, Sweden, and the UK include:

The first solar project paired with energy storage: Amazon's first solar project, based in California's Imperial Valley, is combined with energy storage, allowing the company to match solar generation to peak demand. The project produces 100 megawatts (MW) of solar electricity, enough to fuel over 28,000 homes for a year, and provides 70 MW of energy storage. The initiative also enables Amazon to install next-generation energy storage and management systems while ensuring the stability and durability of California's power grid.

First renewable project in Canada: Amazon also announced the first renewable energy venture in Canada, an 80 MW solar plant in Alberta's County of Newell. When completed, it will provide over 195,000 megawatt-hours (MWh) of clean electricity to the grid, which is enough to fuel more than 18,000 Canadian homes for a year.

The largest corporate renewable energy project in the UK:  Amazon's newest project in the United Kingdom is a 350 MW wind farm off the coast of Scotland, which will be the company's biggest in the world. It is also the first corporate renewable energy contract revealed to date by any organization in the United Kingdom.

New projects in the U.S.: The 118 MW wind project in Murray County is Amazon's first renewable energy project in Oklahoma. Amazon is now constructing new solar plants in the Ohio counties of Allen, Auglaize, and Licking. These ventures in Ohio will account for more than 400 MW of new energy procurement in the state.

Additional investments in Spain and Sweden: Amazon's newest solar projects in Spain are in Extremadura and Andalucia, and they will contribute more than 170 MW to the grid. Amazon's most recent project in Sweden is a 258 MW onshore wind farm in Northern Sweden.

In 2019, Amazon and Global Optimism co-founded The Climate Pledge, a pledge to meet the Paris Agreement ten years early and achieve net-zero carbon emissions by 2040. There are currently 53 signatories of the promise, including IBM, Unilever, Verizon, Siemens, Microsoft, and Best Buy. To achieve its goal, Amazon will continue to reduce emissions throughout its operations by taking real business actions and establishing a path to power its operations with 100% renewable electricity, five years ahead of the company's original 2030 target; delivering on its Shipment Zero vision of making all shipments net-zero carbon, with 50% net-zero carbon by 2030; purchasing 100,000 electric delivery vehicles, the largest ever order of electric delivery vehicles; and by investing $2 billion through the Climate Pledge Fund in the creation of decarbonizing services and solutions.

About Amazon

Amazon is guided by four principles: customer obsession over competitor focus, a passion for invention, a commitment to operational excellence, and long-term thinking. Amazon invented products and services such as customer ratings, 1-Click browsing, personalized recommendations, Prime, Fulfillment by Amazon, AWS, Kindle Direct Publishing, Kindle, Fire tablets, Fire TV, Amazon Echo, and Alexa.



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PR Newswire | January 25, 2024

Greenwood Sustainable Infrastructure LLC (GSI), one of the renewable energy subsidiaries of Libra Group, announced that Iyuhána Solar (Iyuhána), a GSI-led partnership with Saturn Power Inc. and Ocean Man First Nation, has been awarded a Power Purchase Agreement (PPA) to construct and operate a 100-megawatt (MWac) utility-scale solar facility in Saskatchewan, Canada. Developed in partnership with Ocean Man First Nation, the project will be one of Canada's top 10 solar facilities by size. Under an exclusive PPA, the largest with a utility in Canada since 2015, Iyuhána plans to invest approximately $200 million (CDN) to construct the solar facility, which it will operate, supplying generated power to the principal municipal utility company, SaskPower, for 25 years. Located in the Rural Municipality of Estevan in southeast Saskatchewan, this emissions-free solar facility will produce enough power for the equivalent of approximately 25,000 homes. "We are proud to bring the transformative power of solar energy to Saskatchewan by working with partners such as Ocean Man First Nation," said Mazen Turk, CEO of GSI. "This unique collaboration shows the power of renewable energy to harness resources and empower communities responsibly. This work is core to our ethos as a Libra company, and we look forward to continuing to help support a clean energy future across Canada and beyond." As a founding partner, Ocean Man First Nation will have an ownership stake in Iyuhána Solar. Band members will also receive specialized training to maintain the solar facilities and employment opportunities with the project. Additionally, partnering with two of Saskatchewan's leading post-secondary academic institutions, Iyuhána will provide scholarships, internships, and direct research projects in clean energy to benefit the community. "Our partnership with GSI and SaskPower will bring great opportunities for Ocean Man First Nation, including employment and revenue that will provide stability and sustainability for our Band," said Chief Connie Big Eagle, Ocean Man First Nation. "We are proud that this project, which is able to generate clean power, will be known as Iyuhána Solar, which, in Nakotah translates to 'everyone' or 'all of us.' This is derived from our Nakotah belief that everyone and everything is related and therefore we must care for each other." While investment in renewable energy grows across Canada, Saskatchewan's clean power supply mix has predominantly consisted of hydro and wind. This is the first of many planned solar projects in the province; by 2035, SaskPower plans to support approximately 3000 MW of new renewable energy capacity in the region. "This new solar facility will play an important role in our path to net-zero by 2050 or sooner," said Rupen Pandya, SaskPower President and CEO. "We are proud of our ongoing collaboration with Indigenous peoples and the critical role they are playing in the successful expansion of renewable energy in our province." GSI is one of four renewable energy subsidiaries of Libra Group, a privately owned, global business group that encompasses 20 businesses in six sectors, including renewable energy, maritime, aerospace and more. The Group's renewable energy portfolio encompasses approximately 3.5 gigawatts (GW) of projects owned, developed, or pending development in 10 countries, including solar, wind, battery storage, and waste-to energy projects. This is the second partnership with an indigenous community led by a Libra Group subsidiary. "Libra Group is proud of this novel partnership, which has come together through shared values and a commitment to driving economic growth and positive outcomes for communities," said Libra Group's CEO Manos Kouligkas. "Sustainability is core to our global business, and we look forward to continuing to leverage synergies across our six sectors in 60 countries with agility and impact." Last year, GSI acquired Saturn Power Inc.'s solar and battery development portfolios, including its team of seasoned developers and an approximate 1.4-gigawatt (GW) pipeline of early- to late-stage solar and energy storage projects. Today, GSI has a footprint across Canada and in 12 U.S. states. About Greenwood Sustainable Infrastructure Greenwood Sustainable Infrastructure (GSI) is one of the clean energy subsidiaries of Libra Group. GSI is a renewable energy company focused on the development, construction, and operation of distributed generation and utility-scale solar energy and battery storage projects in North America. As of January 2024, the company developed approximately 388 MW DC across 71 renewable energy projects, many of which are still owned or operated by GSI and have an additional project pipeline of 1.6 GW. GSI's seasoned team has a proven track record of investing in power assets and partnering with multiple top-tiered investors. For more information on Greenwood Sustainable Infrastructure (GSI), visit: About Ocean Man First Nation The Ocean Man First Nation is a Nakota, Cree, and Saulteaux Band Government in southeast Saskatchewan. OMFN is led by Chief Connie Big Eagle & Council and features a population of 565 members. Ocean Man First Nation created a renewable energy company in 2019 called Second Wind Power. The name Second Wind Power reflects Ocean Man First Nation's history of relocating, re-establishing and starting over as a new community since 1989. About Libra Group Libra Group is a privately owned, global business group encompassing 20 businesses predominately focused on aerospace, renewable energy, maritime, real estate, hospitality, and diversified investments. With assets and operations in nearly 60 countries, the Group applies the strength of its global network and capabilities to deliver cross-sector insights and growth at scale.

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