Amazon Leads the Charge in Corporate Renewable Energy Procurement
Amazon leads the charge in corporate renewable energy, surpassing competitors in 2024.
Matilda
Amazon Leads the Charge in Corporate Renewable Energy Procurement
In a significant move towards sustainability, Amazon has emerged as the world's leading corporate purchaser of renewable energy in 2024. The tech giant's commitment to clean energy is a positive step in the fight against climate change and sets a precedent for other corporations to follow. Amazon's Rapid Expansion in Renewables According to BloombergNEF, Amazon's renewable energy portfolio grew tremendously in 2024, reaching over 33 gigawatts (GW) of generating capacity. This represents a staggering 10 GW increase compared to the previous year, solidifying Amazon's position as a frontrunner in corporate renewable energy procurement. This growth is attributed to Amazon's addition of around 100 new renewable energy projects throughout the year. The company strategically diversified its portfolio, with a nearly equal split between utility-scale wind and solar farms, alongside on-site solar power generation projects. The impact of Amazon's renewable energy investme…