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Ørsted and Amazon sign Europe's largest offshore wind corporate power purchase agreement Copenhagen Stock Exchange:ORSTED


Danish
Amazon, the technology company based in Seattle, Washington, has signed a 10-year corporate power purchase agreement with Ørsted, the world-leader in offshore wind, to offtake the output of 250MW from Ørsted s planned 900MW Borkum Riffgrund 3 offshore wind farm in Germany. This CPPA will contribute to Amazon’s target of being 100% renewable by 2030 as part of the company’s goal to reach net zero carbon emissions by 2040.
Rasmus Errboe, Senior Vice President, Head of Region Continental Europe at Ørsted Offshore and responsible for Corporate PPAs, said:
“We applaud Amazon’s leadership in corporate renewable energy investments which helps drive the green energy transformation forward. This agreement shows that Ørsted is well placed to help corporations with green ambitions act on the global climate challenge. The CPPA with Amazon on Borkum Riffgrund 3 will drive this breakthrough zero-subsidy project a step closer towards realization, where it will supp ....

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Amazon and Ørsted Sign Largest Offshore Wind Corporate Power Purchase Agreement in Europe


December 10, 2020,
by
Adnan Durakovic
Amazon has signed a ten-year corporate power purchase agreement with Ørsted to offtake the output of 250 MW from Ørsted’s planned 900 MW Borkum Riffgrund 3 offshore wind farm in Germany.
This CPPA will contribute to Amazon’s target of being 100 per cent renewable by 2030 as part of the company’s goal to reach net-zero carbon emissions by 2040.
“We applaud Amazon’s leadership in corporate renewable energy investments which helps drive the green energy transformation forward,”
Rasmus Errboe, Senior Vice President, Head of Region Continental Europe at Ørsted Offshore and responsible for Corporate PPAs, said.
”This agreement shows that Ørsted is well placed to help corporations with green ambitions act on the global climate challenge. The CPPA with Amazon on Borkum Riffgrund 3 will drive this breakthrough zero-subsidy project a step closer towards realiz ....

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