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Amazon Reaches Agreements to Purchase Power From 5 Wind Farms in Germany, Sweden

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Amazon (AMZN), the global e-commerce and technology conglomerate, on Friday said it has signed agreements to purchase electricity from five wind farms in Germany and Sweden.

Amazon will buy 600 megawatts of electricity from the Gennaker offshore wind farm in the German Baltic Sea, developed by Skyborn Renewables, the company said in a statement. The power purchase agreement is the largest ever in Germany, it claimed.

The Gennaker facility, located about 15 kilometers off the coast of northeastern Germany, is projected to generate enough electricity to supply power to over one million German households annually, once operational, the statement said.

The wind farm has a generation capacity of up to 976.5 MW, according to Skyborn's website.

In Sweden, Amazon has entered into power purchase agreements with four new wind energy projects, taking its total carbon-free energy capacity in the country to almost 1 gigawatt, sufficient to power over 350,000 Swedish households annually.

Following the new agreements, the company has now invested in nine utility-scale wind energy projects in Sweden, the statement said.

"Projects supported by Amazon's PPAs in Europe have added 16.5 GW of new carbon-free capacity over five years-nearly double the amount contracted by Amazon," the statement added.

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Commodities

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Commodities

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