Amazon Invests in a Trio of Utility-Scale Wind Energy Farms in Greece

Amazon has invested in a trio of utility-scale wind energy farms located in Greece. This online retail giant has major plans for Greece’s burgeoning green energy sector and recently entered four Power Purchase Agreements (PPAs) spanning three green energy projects within the country. The recent investment will be Amazon’s largest clean energy deal in Greece so far and will help the Southeastern European nation increase its green energy capacity as it transitions to renewables.

Two of the Power Purchase Agreements (PPAs) signed by Amazon cover the Vermio wind farm, a massive project that spans Central and Western Macedonia. The Vermio wind farm is segmented into Vermio South and Vermio North.  The two remaining PPAs cover the Koukouras and Mesokorfi wind projects inside Peloponnese region where construction has already commenced. These two wind farms are expected to start producing energy in 2026.

Combined, the trio of wind farms is set to produce enough clean electricity to power close to 200,000 homes every year. With all the energy generated at these wind farms heading straight into the national grid, Amazon will be able to power its operations with clean energy. The Seattle, Washington-based firm is part of a group of technology companies that regularly consume enough energy to power entire countries.

Amazon Web Services (AWS), an Amazon subsidiary that offers cloud computing services to individuals, businesses, and institutions, consumes a tenth of the world’s electricity every year. With Amazon consistently ranking as one of the most energy-hungry companies on the globe, investing in green energy is a great way for the company to reduce its greenhouse gas emissions.

In addition to supplying green energy to thousands of Greek households and businesses, constructing and operating the power plants will create plenty of job opportunities and stimulate economic growth in the local communities. The Vermio wind farm has already created over 100 new construction jobs and another 300 new roles will be available when construction activity peaks, developer and sustainable infrastructure owner Aer Soléir says.

Lindsay McQuade, the director of energy for Europe, Middle East, and Africa (EMEA) at Amazon Web Services, says the trio of wind farms represents an important step in Amazon’s journey to become carbon-free in Europe. She noted that Amazon currently supports over 180 solar and wind energy projects in over 22 European countries and is committed to accelerating the transition to green energy for both its energy-intensive operations and local communities.

As these renewable energy projects are brought online, they will have an even bigger impact on arresting runaway climate change if the energy is used to charge zero-emission electric vehicles from manufacturers like Mullen Automotive Inc. (NASDAQ: MULN).

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