Amazon.com (AMZN)’s Jeff Bezos Becomes a Texas Energy Farmer

Amazon.com (AMZN) Amazon

Amazon.com, Inc. announced plans to build a 253-megawatt wind farm in Texas. The company’s largest renewable wind project, dubbed Amazon Wind Farm Texas, is will be located in Scurry County. The wind farm will produce 1,000,000 megawatt hours of electricity every year, enough energy to power almost 90,000 U.S. homes.

Largest Renewable Energy Project To Date

The e-commerce giant said that the Texas wind plant will include more than 100 turbines, each with a rotor diameter twice as long as the wingspan of a Boeing 747. The company did not provide details about the land on which the wind turbine will erected.

Amazon.com, Inc. (NASDAQ:AMZN)

The wind facility is set to become operational in late 2017, the company said, adding that this is its largest renewable energy project to date.

Kara Hurst, director of sustainability at Amazon, said: “We’re excited to work with the community in Scurry County and Lincoln Clean Energy to generate 1,000,000 MWh of renewable energy each year from West Texas. Amazon Wind Farm Texas is our largest renewable energy project to date and the newest milestone in our long-term sustainability efforts across the company.”

Lincoln Clean Energy was selected by the e-commerce company to construct, own and operate the wind farm. Under the agreement, the e-commerce company will purchase about 90% of the electricity generated by the wind facility.

Lincoln Clean Energy is engaged in the development of wind and solar projects across the United States. It is a portfolio company of I Squared Capital, a global infrastructure fund. Declan Flanagan, founder and CEO of Lincoln Clean Energy, applaud the e-commerce giant for directly purchasing renewable power.

“Direct purchasing by large, long-term thinking customers like Amazon has quickly become a key driver of the transition to renewable power across the U.S,” Flanagan said in a statement.

Amazon Building Solar, Wind Plants To Power Data Centers 

Amazon.com, Inc. is undertaking several clean energy initiatives, including wind and solar facilities to add renewable energy to the electrical grids that supplying power to Amazon Web Services (AWS) data centers.

Last year, Amazon announced the construction of four renewable projects in Ohio, Virginia, Indiana and North Carolina. The projects are part of the company’s efforts to achieve 100% renewable energy usage for the AWS data centers.

Together, the five projects will generate more than 2.6 million megawatt hours of renewable energy each year, which is enough to power more than 240,000 U.S. homes.

Shares of Amazon.com, Inc. have been performing well. The stock is up more than 11% for the year. During the past 12 months, the company’s shares have gained 45.38%.

In other news, the U.S. e-commerce behemoth continues to expand. The company is hiring more workers in the UK, building more warehouses, launching in foreign countries, as well as the company is experimenting with various shipping and delivery options.

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