Deal with Shell Moves Amazon Closer to 100% Renewable Energy Goal
Energy company Shell announced today an agreement with Amazon to provide renewable power from a subsidy-free offshore wind farm being constructed off the coast of The Netherlands. The wind farm will be operated by the CrossWind consortium, a joint venture between Shell and Netherlands-based energy provider Eneco. According to the terms of the deal, Amazon will offtake 250 megawatts (MW) from Shell and 130 MW from Eneco, for a total of 380 MW, beginning in 2024.
Amazon is already on track to become the world’s largest corporate purchaser of renewable energy. In 2020, the company announced total renewable energy projects totalling more than 4 GW of capacity, the largest corporate investment in renewable energy in a single year. Amazon has invested has invested in more than 6.5 GW of wind and solar projects, with the capacity to generate enough renewable energy to power 1.7 million U.S. homes for one year.
The deal also moves Amazon a step closer to its goal to power its infrastructure with 100% renewable energy. Originally targeted for 2030, the company has stated that it is now on track to achieve this milestone by 2025.
Elisabeth Brinton, Executive Vice President of New Energies at Shell, said:
“Supplying Amazon with electricity from this offshore wind farm contributes to their net-zero pledge while progressing our own ambition to be a net-zero emissions business by 2050 or sooner. We are delighted to continue strengthening our strategic relationship with Amazon Web Services (AWS) across Shell New Energies. Our collaboration is enabling us to continue pushing the boundaries of innovation.”