Amazon adds 71 renewable projects to it energy generating portfolio

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Amazon.com Inc. AMZN, -1.98% said Wednesday it’s adding 2.7 gigawatts (GW) of energy capacity across 71 new renewable energy projects, including its first energy farms in Brazil, India and Poland. Amazon Web Services CEO Adam Selipsky said Amazon plans to reach 100% renewable energy across its business by 2025. Amazon’s renewable energy projects are currently expected to generate 50,000 gigawatt-hours (GWh) of energy. That’s enough to power 4.6 million U.S. homes each year, the company said. Shares of Amazon are down 26.7% in 2022, compared to a drop of 27% by the Nasdaq COMP, -0.95%.

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