Amazon seals Indian wind-solar PPA for 300 MW with GIG platform

Amazon.com Inc (NASDAQ:AMZN) will support its climate goals with a corporate power purchase agreement (PPA) to off-take power from two hybrid wind and solar power plants in India with a combined capacity of 300 MW.

The contract, touted as one of the largest for hybrid renewables by a local technology company, was sealed with India-based Vibrant Energy, the latter said on Thursday. The renewables platform is a subsidiary of Blueleaf Energy, which is a portfolio company of Macquarie's Green Investment Group (GIG).

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The two contracted projects are located in the states of Madhya Pradesh and Karnataka and are expected to supply Amazon with 1,163 GWh of electricity.

The new PPA adds to Amazon’s power procurement arrangements in India from earlier this year to buy electricity from three solar farms in Rajasthan totalling 420 MW, lifting the overall capacity of its renewable PPAs in the country to more than 720 MW.

“We are on a path to powering our operations globally with 100% renewable energy by 2025 [..],” said Abhinav Singh, Director – Customer Fulfilment, Supply Chain and Global Specialty Fulfilment, Amazon India. He noted that the two new deals are Amazon's first wind-solar hybrid projects globally.

Amazon, which has pledged to achieve net-zero carbon by 2040, is pursuing a company-wide goal to use 100% renewable energy by 2025, five years earlier than initially planned. At end-2021, renewable power was used for 85% of its global operations.