ENGIE Inks 650 MW of Renewable Energy Contracts with Amazon
ENGIE announced several energy offtake contracts with Amazon for a global renewable energy portfolio of wind and solar projects across the United States,
ENGIE announced several energy offtake contracts with Amazon for a global renewable energy portfolio of wind and solar projects across the United States, Italy and France totaling 650 MW. These Corporate Power Purchase Agreements will exclusively rely upon renewable energy production facilities developed by ENGIE. For ENGIE, this operation is the largest portfolio of agreements signed at once with a single counterparty. These projects align with Amazon’s goal to power its operations with 100% renewable energy by 2030 and reach net zero carbon by 2040. They also demonstrate ENGIE's expertise across the green energy value chain, from the construction and operation of renewable energy plants, to the sale of energy to industrial customers. In 2019, ENGIE was the #1 global seller of clean energy Corporate PPAs and signed over 2,000 MW mostly in the US but also in Europe, notably in Spain.
In the United States, Amazon’s new renewable energy solar and wind projects with ENGIE represent 569 MW in Delaware, Kansas, North Carolina, Ohio and Virginia. They will supply Amazon with approximately 1,850 GWh of power and with the associated project renewable energy credits (REC’s) annually. During construction, ENGIE will create approximately 300 jobs at each wind facility and 210 jobs at each solar facility. Projects are expected to reach commercial operation in 2021 through 2022.
In Europe, Amazon’s total contracts with ENGIE add up to 66 MW in Italy and 15 MW in France, and are the company’s first utility-scale renewable energy projects in each country. Amazon will purchase renewable energy from two solar facilities located in Southern Italy and another in Southern France to power its European operations.