(Sharecast News) - Amazon announced on Monday that it plans to buy half of the energy produced by a new wind farm in the Netherlands.
Shell and Eneco secured the right to build the 759 megawatt wind farm in the North Sea (18.5kms off the Dutch coast) last July.
Amazon intends to purchase over 380 MW of its output to power its operations in Europe.
The US online retail giant said the "Amazon-Shell HKN Offshore Wind Project" will be its largest single-site renewable energy project yet. The offshore wind farm is expected to be operational by 2023.
According to CNBC, the wind farm will be operated by the CrossWind Consortium, which is a joint venture between Shell and Eneco.
It was projected that the project would bring Amazon closer to its goal of being net-zero carbon by 2040 and allow it to run off 100% renewable energy by 2025.
The company had 187 solar and wind projects worldwide.
29 Jan 2024 17:25
London close: Stocks turn weaker ahead of busy week for earnings
(Sharecast News) - London's stock market saw slight declines by the close on Monday, as investors turned their attention to a week filled with corpora...