The new projects include 15 rooftop solar installations on Amazon facilities, and 24 utility-scale wind and solar projects, including our first solar farm in Greece. The project in Greece follows our first utility-scale solar farm in Poland last year. Amazon’s investments in these countries help to accelerate the decarbonisation of those energy grids as they transition away from fossil fuels.
“With more than 160 wind and solar projects in Europe, Amazon is helping to provide new sources of clean energy to local grids, creating jobs, and supporting local businesses as we progress toward powering our operations with 100% renewable energy by 2025,” said Lindsay McQuade, Director of Energy, EMEA at Amazon.
“Corporate investment is an important catalyst to help transition toward a clean energy future, and we look forward to continuing to work with governments, local communities, and energy providers across Europe to deliver more renewable energy into local grids.”
Amazon’s renewable energy investments stimulate local economies
Between 2014 to 2022, Amazon’s European wind and solar farms have helped generate an estimated €2.4 billion in investment in Europe and helped to contribute more than €723 million to the region’s gross domestic product (GDP), according to a new economic model developed by Amazon. The projects also supported more than 3,900 full-time equivalent jobs in 2022 alone.
The impact of its renewable energy investments is demonstrated by data identified through a new economic model we have developed, which follows guidance from the U.S. Department of Energy’s National Renewable Energy Laboratory (NREL), and is validated by the global independent economic advisory firm, Oxford Economics.
The model applies to the utility-scale renewable energy projects that have begun construction or became operational between 2014-2022, or are expected to become operational in 2023, resulting from Amazon’s investments in Power Purchase Agreements.
Amazon's latest projects include rooftop solar projects in Belgium, France, Italy, Spain, and the UK, as well as new utility-scale solar and wind projects located in Finland, Germany, Greece, Spain, Sweden and the UK.
Amazon is on a path to powering operations, including Amazon Web Services (AWS) data centers, fulfilment centers and physical stores, with 100% renewable energy by 2025 — five years ahead of the original 2030 target. In 2022, 90% of electricity consumed by Amazon globally was powered by renewable energy sources.
