Amazon to buy over half of energy produced by 759 megawatt Dutch wind farm

Amazon said it would now purchase over 380 MW of its output to power its European operations

Amazon is planning to buy half of the energy produced by a new wind farm in the Netherlands. 

The 759 megawatt wind farm, which will be built by Shell and Eneco, will be Amazon’s largest single-site renewable energy project yet.

Located 18.5km off the Dutch coast and covering an area of 125 sq km, the wind farm will be operated by the CrossWind Consortium, which is a joint venture between Shell and Eneco.

Amazon said it would now purchase over 380 MW of its output to power its European operations.  

The offshore wind farm is expected to be in operation by 2023.

The “Amazon-Shell HKN Offshore Wind Project” will reportedly feature 69 wind turbines from Siemens Gamesa that have a capacity of 11MW and a rotor diameter of 200 meters.

The offshore wind farm will include five technology demos that have the potential to be implemented at full scale in the future, including a floating solar park and “optimally tuned turbines.”

What is your sentiment on AMZN?

94.11
Bullish
or
Bearish
Vote to see community's results!

Amazon said the Netherlands project will bring it closer to its goal of being net-zero carbon by 2040 and allow it to run off 100 per cent renewable energy by 2025, which is five years earlier than it previously planned.

The company said it now has 187 solar and wind projects worldwide including 125 solar rooftop installations on its warehouses.

The largest solar rooftop installation is in the UK and is equivalent to 28 football pitches, meaning it can produce enough power for 700 homes for one year, Amazon said.

Amazon added that its renewable energy projects now generate more than 6.9 gigawatts and delivers more than 20 million megawatt hours of energy annually.

FURTHER READING: The best renewable energy companies to invest in this year

The material provided on this website is for information purposes only and should not be regarded as investment research or investment advice. Any opinion that may be provided on this page is a subjective point of view of the author and does not constitute a recommendation by Currency Com Bel LLC or its partners. We do not make any endorsements or warranty on the accuracy or completeness of the information that is provided on this page. By relying on the information on this page, you acknowledge that you are acting knowingly and independently and that you accept all the risks involved.
iPhone Image
Trade the world’s top tokenised stocks, indices, commodities and currencies with the help of crypto or fiat
iMac Image
Trade the world’s top tokenised stocks, indices, commodities and currencies with the help of crypto or fiat
iMac Image