Amazon, the retail giant, will purchase more renewable energy, as it has entered into a new agreement with renewable energy major, EDR Renewables (EDPR). Both companies announced a strategic collaboration that involves power purchase agreements with Amazon Web Services (AWS) for future wind and solar projects.
Firstly, the collaboration will explore opportunities for AWS and EDPR to work together in two main areas; the first one being the development by EDPR of new renewable energy projects, and AWS acquiring the energy by a PPA.
Secondly, the projects that EDPR will develop will be solar and wind; they will enter into operations around 2023-2025; and they will be located mainly in the United States; but also, Europe and Latin America.
Thirdly, the other area of collaboration would be the provision of cloud, technology and digital transformation services by AWS as EDPR’s preferred cloud provider. Although further details about the locations of projects or the amounts of energy purchased were not disclosed, companies’ statement did say this collaboration further strengthens a prior one.
Moreover, reinforces the strong commercial relationship between AWS and EDPR; and also provides added visibility to the execution of EDPR’s 2021-25 growth plan; as well as a sound partnership for the continuous technological and digital transformation, which is underway at EDPR.
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Amazon could mount PPAs to 475 MW
In fact, this agreement will potentially add to a total of 475 megawatts (MW) of PPAs already contracted between the parties.
On the other hand, about the relevance of the collaboration, Miguel Alava, Managing Director, AWS, said. “Our collaboration with EDPR will help toward our Climate Pledge commitment to reach net-zero carbon by 2040; and power our operations with 100% renewable energy by 2030; a target we are on a path to meet 5 years early by 2025.”
He also said. “We are excited to work with EDPR on compelling challenges; including anomaly detection and early bearing predictive diagnostics; and we are also proud to work alongside customers on the transition to a sustainable, low-carbon economy.”
Finally, Miguel Ángel Prado, Chief Operating Officer of EDPR, said. “This alliance reaffirms the importance that EDPR attributes; not only to the energy transition and the decarbonization of the economy, but also to the importance of digitalization in companies.”