Amazon is developing three large wind farms in Greece, its biggest renewable energy initiative in the country.
One of Amazon’s latest initiatives to support the transition to carbon-free energy is investing in renewable wind energy farms in Greece, which will help cover the retailer’s electricity use in the region with carbon-free energy.
The farms are utility-scale, meaning that they can produce significant amounts of power for distribution to the electrical grid, meeting the energy needs of large populations and/or industries. Unlike small or residential wind turbines, such farms are built on a much larger scale, often spanning extensive areas. They are a critical component in transitioning to renewable energy sources globally.
The new projects cover Western and Central Macedonia and the Peloponnese. They aim not only to power Amazon’s operations but also to provide energy for up to 200,000 homes, local businesses and public institutions annually.
Construction of the wind farms is already underway, with completion and power generation?expected in 2026. Besides fulfilling Amazon’s ESG goals, the projects support Greece’s national shift to renewable energy and will ultimately deliver benefits to local businesses and households.
As of January 2024,?Amazon’s sustainability portfolio surpassed 500 solar and wind projects globally. The company invested in more than 100 new solar and wind energy projects in 2023, expanding its portfolio to a size big enough to power 7.2 million U.S. homes annually.
In 2024, Amazon announced over 35 new renewable energy projects, including wind and solar farms and rooftop installations. These projects are spread across the United States, Canada, Europe, India, Japan, and the UAE. Besides, in 2024, the company also began diversifying its energy portfolio with nuclear power as an additional source of carbon-free energy.
Amazon is the world’s largest corporate buyer of renewable energy?, achieving a 100% renewable energy goal in 2023, ahead of its original target of 2030.
Nina Bobro
Nina is passionate about financial technologies and environmental issues, reporting on the industry news and the most exciting projects that build their offerings around the intersection of fintech and sustainability.
