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Amazon signs a new PPA for purchase of renewable energy project in Spain

Amazon has announced that it has signed a new power purchase agreement for the purchase of renewable energy in Spain.

This comes as the global e-commerce firm plans a push to decarbonize its entire business.

According to the company, the long term PPA has been linked with developer Grenergy Renovables SL for 469 MWp of solar energy in Spain.

Under the agreement, Amazon will purchase about 665 GWh of green electricity from Grenergy. The agreement has been done for a period of over ten years.

“Amazon will get green electricity from the three solar power projects of Grenergy situated in Spain namely Tabernas (250-MWp), Jose Cabrera (47-MWp) and Ayora (172-MWp). These solar farms will become operational next year,” the statement reads.

For Grenergy Renovables, this is the second corporate agreement. Earlier, it had inked a deal with Dutch LyondellBasell Industries for the supply of 259-MWp solar energy in Spain.

On the other side, Amazon had also signed a PPA with Spanish energy firm Iberdrola for two offshore projects.

According to Amazon, it added a capacity of 8.3 GW in 2022 in terms of renewable energy through 133 new projects in 11 countries. The company has a total portfolio of over 20 GW.

The company has announced new projects in Australia, Canada, Finland, France, Germany, Japan, Poland, Singapore, Spain, and the U.S last year.


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