Amazon secures 322 MW of renewables in European PPA spree

Amazon.com Inc (NASDAQ:AMZN) has gone on a spree to sign power purchase agreements (PPAs), supporting close to 200 MW of solar power in Spain and 122 MW of new Swedish onshore wind, according to recent announcements.

The latest one comes from Germany’s Encavis AG (ETR:CAP), the company behind a new 200-MW solar farm near Seville, Spain. The wind and solar park operator on Thursday said Amazon had contracted power from a 149-MW portion of the new facility, confirming the US tech giant’s earlier press release.

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Under a ten-year PPA, Encavis will deliver Amazon around 3,000 GWh for the duration of the contract and hand over the corresponding green certificates of origin. Power from the remaining 50 MW will be sold at market prices, Encavis said.

The solar farm is due to come online at the end of the third quarter of 2020.

On Wednesday, UK oil and gas group BP plc (LON:BP) announced it will power Amazon Web Services' (AWS) data centres with renewable energy from 172 MW of new wind and solar projects in Spain and Sweden under a series of PPAs.

The duo signed a contract for the delivery of 50 MW of solar power in Spain as of 2021. A wind farm that is being built in Vasternorrland, Sweden, will provide Amazon with a further 122 MW of clean power starting in 2022.

BP expects these deals to produce PPAs for more than 400 MW in the future.

Two days ago, Amazon affirmed its commitment to reach the Paris Agreement goals ten year early with the announcement to support to 329 MW of new renewables in the US and Spain.