Iberdrola and Amazon ink 476 MW PPA to expand their renewable energy partnership – EQ
In Short : Iberdrola and Amazon have signed a 476 MW power purchase agreement (PPA) to strengthen their renewable energy collaboration. The deal will support Amazon’s sustainability goals while boosting Iberdrola’s clean energy capacity. This partnership aligns with global efforts to accelerate the transition to renewable power, enhancing energy security and reducing carbon emissions.
In Detail : Amazon and Iberdrola have expanded their global renewable energy partnership by adding 476 MW of power purchase agreements (PPAs) across five countries. This includes Amazon’s first PPA in Portugal, securing 219 MW from the Tâmega wind complex which is set to begin construction in early 2025.
The partnership has expanded in Spain with two utility-scale PPAs for a total of 257 MW of solar and wind energy. Amazon will purchase 212 MW capacity from the Ciudad Rodrigo solar PV plant in Salamanca, Western Spain.
Iberdrola has invested approximately €200 million in this project. Furthermore, output from 45 MW from the Valdemoro wind farm located in the province of Burgos, will be purchased.
In November 2024, Amazon inked PPAs with Aer Soléir to develop three utility-scale wind farms: Vermio North, Vermio South, and the Mesokorfi and Koukouras projects in the Peloponnese region. These were Amazon’s first utility-scale wind energy projects in Greece.
