Amazon’s green energy initiative: strikes deal to buy over 380MW of clean power


  • Amazon has struck a deal to buy 380 MW of wind power from an offshore wind energy project in the Netherlands.
  • The e-commerce giant has plans to become a zero-carbon emission company by 2040 and run its operations using renewable energy by 2025.
  • The offshore project is developed by CrossWind, a JV between Shell and Eneco.

Online retail giant Amazon (NASDAQ:AMZN) has progressed further on its commitment to make the Company a net-zero carbon emitter by 2040. The Seattle-headquartered firm signed an agreement to purchase 380MW of green energy produced from an offshore wind farm.

Source: © Ifeelstock I

Recent Update: What you need to know about Andy Jassy, Amazon’s Next CEO

The wind energy project is located in the Netherlands part of the North Sea. The project’s total generation capacity is 759 MW and is developed by CrossWind, a joint venture between Shell and Eneco.

The wind farm has 69 wind turbines and is expected to become operational by 2023. The deal is also significant as it is the single largest renewable energy projects that Amazon has been involved in so far. Amazon has 187 solar and wind projects worldwide and is working aggressively to achieve its target to run the business operations entirely using renewable energy by 2025.

Copyright © 2021 Kalkine Media Pty Ltd.

Hollandse Kust Noord Offshore Wind Project

The offshore wind project is now known as Amazon-Shell HKN Offshore Wind Project. It is a subsidy-free project being located 18.5 Km from the coast of Netherland. The wind farm is spread over 125 KM2 and will put several new technologies on testing that could provide a strong foundation for future renewable energy projects.

The project will be online by 2023, and the off-take of power by Amazon will commence in 2024. The Company will receive 250 MW from Shell and 130 MW from Eneco.

Read More: Three ASX stocks to watch in the wake of Biden’s Green Energy push

Amazon and Shell have also partnered on other green projects, including the supply of sustainable jet aviation fuel for Amazon’s cargo network. The deal involved supplying 6 million gallons of fuel by Shell Aviation.

With the HKN Offshore Wind Project, Amazon inches closer to its goal of becoming a zero-carbon emission player and has become the largest corporate buyer of renewable energy in the world.

The content, including but not limited to any articles, news, quotes, information, data, text, reports, ratings, opinions, images, photos, graphics, graphs, charts, animations and video (Content) is a service of Kalkine Media Pty Ltd (Kalkine Media, we or us), ACN 629 651 672 and is available for personal and non-commercial use only. The principal purpose of the Content is to educate and inform. The Content does not contain or imply any recommendation or opinion intended to influence your financial decisions and must not be relied upon by you as such. Some of the Content on this website may be sponsored/non-sponsored, as applicable, but is NOT a solicitation or recommendation to buy, sell or hold the stocks of the company(s) or engage in any investment activity under discussion. Kalkine Media is neither licensed nor qualified to provide investment advice through this platform. Users should make their own enquiries about any investments and Kalkine Media strongly suggests the users to seek advice from a financial adviser, stockbroker or other professional (including taxation and legal advice), as necessary. Kalkine Media hereby disclaims any and all the liabilities to any user for any direct, indirect, implied, punitive, special, incidental or other consequential damages arising from any use of the Content on this website, which is provided without warranties. The views expressed in the Content by the guests, if any, are their own and do not necessarily represent the views or opinions of Kalkine Media. Some of the images/music that may be used on this website are copyright to their respective owner(s). Kalkine Media does not claim ownership of any of the pictures displayed/music used on this website unless stated otherwise. The images/music that may be used on this website are taken from various sources on the internet, including paid subscriptions or are believed to be in public domain. We have used reasonable efforts to accredit the source wherever it was indicated as or found to be necessary.
We use cookies to ensure that we give you the best experience on our website. If you continue to use this site we will assume that you are happy with it. OK