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Home Energy

Japanese Energy Firm Mitsubishi to Provide Wind Power to Amazon’s European Facilities

The deal highlights Japanese trading houses and Amazon opting for cleaner and sustainable energy

The Global Economics by The Global Economics
February 8, 2021
in Energy, Top Stories
Reading Time: 1 min read
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Japanese Energy Firm Mitsubishi to Provide Wind Power to Amazon’s European Facilities

Japanese Energy Firm Mitsubishi to Provide Wind Power to Amazon’s European Facilities

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Japan-based Mitsubishi Corp has signed an agreement with Amazon.com Inc. facilities in Europe on Monday with its Royal Dutch Shell and Dutch unit Eneco.  

According to the deal, an offshore wind farm will be built by Eneco with a provision of 130 MW and 250 MW by Shell from Hollandske Kust Noord offshore wind farm. 

The deal aligns with Amazon’s aim at reaching net carbon neutrality by 2040. The retail giant has pledged to achieve net zero carbon shipments through renewable energy initiatives and improvements after receiving a lot of pressure from environmental activists and employees to act on climate change. 

Last year in July, both Royal Dutch Shell and Eneco won a zero-subsidy tender with a joint consortium to build a 750 MV wind farm in the North Sea off the Dutch coast. The farm will produce 3.3 terawatt-hours (TWh) every year. 

Eneco revealed of reserving 130 MV of the total power for Amazon and starting to operate in 2023.

Last year, Mitsubishi Corp and Chubu Electric Power Co Inc. bought Eneco at a value of 4.1 billion euros. 

Tags: Dutch unit EnecoEnecoJapanese Energy FirmMitsubishi CorpRoyal Dutch Shell
The Global Economics

The Global Economics

The Global Economics Limited is a UK based financial publication and a bi-annual business magazine giving thoughful insights into the financial sectors on various industries across the world. Our highlight is the prestigious country specific Annual Global Economics awards program where the best performers in various financial sectors are identified worldwide and honoured.

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