The e-commerce platform, Amazon will be developing its first renewable energy project in South Korea with an estimated 60 MW capacity.
Dwelling on the project, it said in its statement that the project can produce 81,211 megawatt hours of clean energy that can supply power to 25,000 households annually.
“This new solar project in South Korea will help Amazon move closer to achieving its goal of powering our operations with 100% renewable energy by 2025, while also building on our commitment to offer our customers a more sustainable digital transformation,” said Kee Ho Ham, country manager of Amazon Web Services (AWS) Korea. This will support its target to reach net-zero carbon by 2040.
The project is reported to be a result of the long-term corporate power purchase agreement between Amazon and energy firm SK E&S. This is expected to create around 2,400 job opportunities during construction.
Aligning with its commitment, Amazon commits to take up the electricity produced from the project. The e-commerce platform aims to reach net-zero carbon by 2040 and power its operations using renewable energy by 2025.
It may be noted that the South Korea aims to reach 30.8 GW by 2030, which will meet their 20% target of total energy generation through renewables.
This is a significant increase from the current installed capacity of 14,575 MW as of 2020. The country’s solar power market is also expected to hit a compound annual growth rate (CAGR) of over 5.5% within the next five years.