Economy
Amazon Backs Renewables Projects on Path to 100% Clean Power
(Bloomberg) –Amazon.com Inc will invest in three new wind and solar projects as it moves toward a goal of meeting 80% of its energy needs from renewable sources by 2024, and 100% by 2030.
The company has entered the U.K.’s largest corporate wind power purchase agreement as part of its backing for the 50-megawatt Amazon Wind Farm on the Kintyre Peninsula of Scotland, it said in a statement. Amazon also announced solar projects in North Carolina and Virginia with a combined generating capacity of 215 megawatts.
“We’ve announced eight projects this year and have more projects on the horizon,” Kara Hurst, Amazon’s director of sustainability, said in the statement. “We’re committed to investing in renewable energy as a critical step toward addressing our carbon footprint globally.”
The three projects are scheduled to start operations in 2021 and will supply power to Amazon Web Services data centers. The company, which has nearly 70 renewable energy projects globally with a total capacity of more than 1.6 gigawatts, also plans to achieve net zero carbon emissions by 2040.
-
Dossier1 month agoDossier, 2026
-
OER Magazines1 month agoOER, February 26
-
Banking & Finance1 month agoSohar International and Sohar Islamic Supports Over 100 Families in Al Wusta Governorate Through Its ‘Sohar Al Attaa’ Initiative
-
Banking & Finance1 month agoNational Finance Unveils Exclusive Ramadan Offers on Auto Financing
-
Economy1 month agoAnalysis: Oman-India CEPA Opens Path to Deeper Trade Investment and Growth
-
Economy1 month agoMiddle East Tensions Heighten Risks to Strait of Hormuz, Raising Uncertainty for Global Oil Markets
-
Economy1 month agoANALYSIS: Oil Near Seven-Month Highs Amid US, Iran Tensions
-
Education2 months agoJebel View International School to Launch in Muscat in September 2026 & Now Open to Visit
