FILE - An Amazon Prime delivery person lifts packages while making a stop at a high-rise apartment building, Nov. 28, 2023, in Denver. ) was the top corporate buyer of renewable power in 2023, a fourth year of dominance by the American e-commerce giant as deals hit a record pace.
Last month, an analysis by BloombergNEF also ranked Amazon number one for a fourth year. Meta was runner-up, followed by U.S. chemical firm LyondellBasell of clean power. Solar was the dominant electricity source, accounting for 46 per cent of deals, followed by hybrid and onshore wind . “It has never been easier to buy clean energy as a corporation,” said Kyle Harrison, head of sustainability research at BloombergNEF. “These contracts are now the centrepiece in many companies’ sustainability strategies, rather than a nice-to-have.”In 2023, North America’s market slowed. Both S&P Global and BloombergNEF point to Europe as last year’s growth story. Asia-Pacific has also emerged as a hub for procurement, establishing itself as the market with the highest number of deals.
“Europe is the engine for corporate procurement growth in 2023,” she added. “Moderating prices for PPAs and strengthened corporate commitments led European corporate procurement markets to grow by 52 per cent and reach an unprecedented 20GW, making Europe the largest market globally.