Amazon, a retail giant, secures significant PPA agreement with Iberdrola.

1. Amazon signed a power purchase agreement with Iberdrola for 159MW of clean power from the East Anglia THREE offshore wind farm.
2. The deal will generate over 77,000 gigawatt-hours of clean power annually and the wind farm is expected to power 1.3 million UK homes.
3. Amazon has signed multiple PPAs with Iberdrola for projects across Germany, the US, and Britain, aiming to reach net-zero emissions by 2040.

On March 15, 2023, Haizea Wind Group chairman Damaso Quintana, Basque politician Lehendakari Iñigo Urkullu, and Iberdrola chairman Ignacio Sanchez Galan visited the Haizea Wind Group facilities at the Port of Bilbao in Spain. This visit showcased the collaboration and advancements in renewable energy in the region.

Amazon, a US retail conglomerate, recently announced a significant power purchase agreement (PPA) with Iberdrola to procure 159MW from the East Anglia THREE offshore wind farm in the UK. This renewable offtake deal is expected to generate over 77,000 gigawatt-hours of clean power annually when the project becomes operational in 2026.

East Anglia THREE, set to become the world’s second-largest offshore wind farm, is projected to produce enough clean energy to power 1.3 million UK homes. Amazon’s PPA with Iberdrola for various projects reflects the retailer’s commitment to renewable energy and sustainability goals.

In 2022, Amazon was named the world’s largest corporate purchaser of renewable power for the fourth consecutive year, with a goal to power 100% of its operations with renewables by 2030. The company aims to achieve net-zero emissions by 2040, despite reporting a rise in emissions, highlighting the importance of renewable energy partnerships like the one with Iberdrola.

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