Amazon Named Largest Corporate Renewable Energy Purchaser for Fifth Consecutive Year

Amazon has been recognized as the world’s largest corporate purchaser of renewable energy in 2024, according to Bloomberg NEF data. This marks the fifth consecutive year that the company has held this position. Amazon reported supporting more than 600 wind and solar projects globally, up from around 500 the previous year, with these projects expected to generate enough energy to power 8.3 million U.S. homes.

The announcement follows Amazon’s recent achievement of powering its global operations with 100% renewable energy, seven years ahead of its original 2030 target. The company first set its clean energy goal in 2019 when it operated at 42% renewable energy. The commitment aimed to match all electricity consumption across its operations—including data centers, corporate buildings, stores, and fulfillment centers—with clean energy sources by 2030.

Amazon’s renewable energy program focuses on several objectives, including placing projects in regions heavily reliant on carbon-intensive energy sources to maximize emissions reductions. The company has invested in over 40 utility-scale solar and wind projects across locations with high emissions, such as Australia, China, Greece, India, Indonesia, Poland, and South Africa, as well as in U.S. states like Louisiana and Mississippi.

Additionally, Amazon is advancing energy storage and firming technologies to address the intermittent nature of renewable sources like wind and solar. Recent initiatives include investments in solar and battery storage projects and nuclear energy agreements to support clean energy reliability.

Kara Hurst, Amazon’s Chief Sustainability Officer, highlighted the company’s focus on impactful projects, stating, “Amazon isn’t just the top corporate purchaser of solar and wind, we’re also prioritizing projects in the locations where they can have the biggest impact on curbing emissions and improving the local environment. When it comes to addressing climate change, speed and location matter. From collaborating on new energy policies to accelerating renewables in underserved regions, Amazon is working to help decarbonize grids around the world as quickly as possible.”