trending Market Intelligence /marketintelligence/en/news-insights/trending/RJjnRc5Kme2pxvjPlAlxaQ2 content esgSubNav
In This List

Amazon to set up more renewable energy projects in US, UK

Case Study

A Sports League Maximizes Revenue from Media Rights


Japan M&A By the Numbers: Q4 2023


Essential IR Insights Newsletter Fall - 2023

Case Study

A Corporation Clearly Pinpoints Activist Investor Activity

Amazon to set up more renewable energy projects in US, UK Inc. on Oct. 24 announced three new renewable energy projects in the U.S. and the U.K. to help it reach its goal of reaching 80% renewable energy by 2024 and becoming completely carbon neutral by 2040.

The e-commerce giant is setting up a wind farm on the Kintyre Peninsula in Scotland which is expected to generate 168,000 MWh of clean energy every year, enough to power 46,000 homes in the U.K.

In the U.S., Amazon will invest in solar projects in Warren County, N.C., and Prince George County, Va. The two are expected to generate 500,997 MWh of energy annually.

The wind and solar projects are expected to be completed in 2021. They will supply energy to Amazon's cloud-based Amazon Web Services Inc. data centers.

The company launched a transparency website to track the progress of these goals, and to report on its sustainability commitments, initiatives and performance.

In August, the retailer signed up to buy the output from two new renewable energy projects with a combined capacity of 68.2 MW to power its cloud computing operations in Ireland and the U.S.