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: Amazon adds more renewable power, ranking it as largest wind and solar user in the world

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Amazon.com added 14 renewable energy projects in the U.S., Canada, Finland and Spain, landing it as the largest corporate buyer of renewable energy.

The company
AMZN,
+1.49%

said Tuesday the purchases speed up its goal to power 100% of company activities with renewable energy. It claims it can hit that target by 2025, five years ahead of the original target of 2030.

The delivery giant now has 232 energy projects around the world, the equivalent of powering 2.5 million U.S. homes. The 11 U.S. projects include Amazon’s first solar projects in Arkansas, Mississippi and Pennsylvania, plus additional projects in Illinois, Kentucky, Indiana and Ohio. In total, Amazon has enabled more than 6 GW of renewable energy in the U.S. through 54 projects.

Read: Global investors with $54 trillion tell companies pledging net zero emissions to show their work

The energy will run Amazon’s corporate offices, fulfillment centers and the Amazon Web Services (AWS) data center.

“A new level of ambition across the private sector is necessary to accelerate decarbonization of the power system. Amazon’s leadership in investing and adopting renewable energy around the world paves the way for new innovation, and the ability to scale at the pace needed to address the real threats to the planet, people and businesses posed by climate change,” Miranda Ballentine, CEO of Renewable Energy Buyers Alliance, said.

Amazon in 2019 pledged to hit 100% renewable-energy use by 2030 as part of a broader plan that included a big order for electric vans from Rivian, which the online retailer took a $440 million stake in at that time.

Amazon shares are up 7% in the year to date and up 28% over the past year.

Read: FTC to review Amazon’s planned $8.45 billion purchase of MGM: report

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