Tech Turmoil in 2025: Magnificent Seven Stocks Slide as Tesla Leads Market Decline
Amazon Is The Largest Investor On Renewable Energy For 2024
By Shubhendra Anand , 25 July, 2024
The renewable energy industry is gaining momentum due to the transition of clean energy worldwide. The nations globally aim to achieve net zero emissions by the end of 2050. In the United States, the targets of clean energy transition are to be completed by 2035. Hence, global green energy is rapidly moving day by day. The energy market will witness more investment in renewables in 2024. Large companies like Amazon are setting themselves up as one of the most prominent investors in renewables. Amazon has invested in solar and wind energy for the past four years to support green energy transformation. Studies have proven that Amazon will be the most significant corporate investor in renewable energy for the fourth time in 2024
According to the surveys, Amazon invests the most in wind and solar energy to build its renewable portfolio. The growing use of renewables in the light of the clean energy transition indicates the pace of transformation in 2024. There is an increasing rate of production for renewables to meet its demand. However, the production of renewables is different in several countries. Based on the data from the surveys in 2024, Amazon is the largest solar and wind energy investor. The company has invested in more than 500 solar and wind projects worldwide. Amazon anticipates building a renewable energy portfolio that will power 7.2 million homes in the United States annually. It is worth noting that Amazon invested in 100 wind and solar energy projects in 2023. Hence, it became the world's largest corporate buyer of renewable energy. Amazon bought renewables for four consecutive years to be in this position.
Amazon is expecting to achieve net zero emissions by the end of 2040. Experts suggest that Amazon's renewable energy projects can produce 100 percent electricity by 2025. Along with Amazon's industrial benefits, its renewable sources provide clean energy to local communities near its project areas. Hence, Amazon can lead the corporate world in adopting renewables to reshape the energy landscape for a clean energy transition.
Amazon Is The Largest Investor On Renewable Energy For 2024
Latest News
Tech Turmoil in 2025: Magnificent Seven Stocks Slide as Tesla Leads Market Decline
With the "Magnificent Seven”- Apple, Microsoft, Amazon, Alphabet, Meta, Nvidia, and Tesla leading the fall, the US stock market saw a significant dip in early 2025. Usually seen as market drivers, these IT behemoths found themselves in the correction…
Trump’s 2025 Steel and Aluminum Tariffs: How They Impact the U.S., Canada, Mexico, and Global Trade
Officially starting on March 12, 2025, the Trump administration's 25 percent tariffs on all steel and aluminum imports formally marked a dramatic change in the United States (U.S.) trade policy meant to support home manufacturing. Although these…
U.S. Retail Sales Rebound in 2025: Inflation Fuels Spending Amid Economic Uncertainty
The United States (U.S.) Census Bureau reports that U.S. retail sales barely increased by 0.2 percent in February 2025 to reach USD 722.7 Billion. This countered the notable 1.2 percent drop seen in January 2025. Retail sales grew 3.1 percent year…
UK Steel Industry Faces Uncertainty Amid 2025 US Tariffs
In 2025, the British steel industry suffered major setbacks after the United States infringed a 25 percent tariff on steel and aluminum imports. This future event alarmed British manufacturers and policymakers because it might heavily impact exports…
Ultra-Fast Charging Batteries From StoreDot will Begin Mass Production In 2025
In 2025, StoreDot, a leading battery technology company, announced the mass production of their revolutionary silicon-based batteries, which will forever change the world of electric vehicles (EVs). Their new battery innovation that stores 70% of…
Shubhendra Anand
Head Research
Latest News
Trump’s 2025 Steel and Aluminum Tariffs: How They Impact the U.S., Canada, Mexico, and Global Trade
U.S. Retail Sales Rebound in 2025: Inflation Fuels Spending Amid Economic Uncertainty
UK Steel Industry Faces Uncertainty Amid 2025 US Tariffs
Ultra-Fast Charging Batteries From StoreDot will Begin Mass Production In 2025
