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Amazon confirms large investment in major Scottish wind site
Amazon is due to confirm a considerable investment in the Moray West offshore wind facility, aiming to power the entire UK operations.
Tech giant Amazon is due to launch a significant investment plan in one of the biggest wind farms in Britain. The business aims to power its entire UK operations with renewable energy by next year.
Amazon, who currently employs 75,000 people in Britain, plans to confirm a deal to purchase electricity from the Moray West offshore wind farm. The project, located off the northeast coastline of Scotland and managed by a collaboration between Spanish energy firm EDPR and French company Engie, is under construction. It is due to commence operation later this year.
Moray West aims to generate approximately 900MW of electricity, and Amazon will utilise 473MW, over half of the total capacity and enough energy to power 175,000 properties. The site will also generate an estimated £500 million into the national economy and create over 1000 jobs.
The proposed deal for wind energy comes as Amazon attempts to achieve its target of using renewable energy to power its global operations by 2025, five years ahead of schedule. The business has obtained around 90% of its electricity from renewable energy after investing billions into about 400 wind and solar energy projects.
Amazon believes that between 2014 and 2022, its green industry focus generated £285 million worth of investment and increased Britain’s GDP by £90 million. Amazon isn’t the only international company interested in the growing UK wind industry, which has previously struggled due to concerns about rising costs impacting the viability of some projects.
Last year, UAE green energy firm Masdar was believed to be purchasing up to 49% of the East Anglian Three offshore wind farm, constructed off the Norfolk coastline. At the end of last year, Masdar secured a 49% share of Dogger Bank South, an £11 billion UK wind project in the North Sea from Germany utility major RWE.
In the last month, Danish energy business Orsted confirmed its financial plans for the Hornsea 3 project in the North Sea, which will be the largest offshore wind site in the world, and will provide around 1,200 new jobs.
