ENGIE Announces Renewable Deal with Amazon
December 21, 2020
ENGIE has announced energy offtake contracts with Amazon for a global renewable energy portfolio of wind and solar projects across the U.S. and Europe, totaling 650 MW. These corporate Power Purchase Agreements (PPAs) will exclusively rely upon renewable energy production facilities developed by ENGIE. For ENGIE, this operation is the largest portfolio of agreements signed at once with a single counterparty.
These projects align with Amazon's goal to power operations with 100% renewable energy by 2030 and reach net zero carbon by 2040. They also demonstrate ENGIE's expertise across the green energy value chain, from the construction and operation of renewable energy plants, to the sale of energy to industrial customers. In 2019, ENGIE was the #1 global seller of clean energy corporate PPAs and signed over 2,000 MW mostly in the U.S.
The new renewable energy solar and wind projects with ENGIE will supply Amazon with approximately 1,850 GWh of power and with the associated project renewable energy credits (REC's) annually.
Read More:
https://www.renewableenergymagazine.com/wind/engie-announces-650-mw-of-renewable-energy-20201210
