Under the agreement's terms, West Holdings Corporation will build and maintain roughly 450 solar power stations (with a total installed capacity of approximately 22 megawatts) for Amazon and supply the online retailer with wholesale electricity. MC subsidiaries
MC is aiming to double its 2019 renewable energy output by 2030 and completely eliminate fossil fuels and CO2 emissions from its power-generation portfolio by 2050. Amazon is demonstrating a similar commitment to decarbonize. The company has set a target to use only renewable energies by 2025 and is now making global moves to both develop them and source more green electricity.
The first such agreement with Amazon originating in
With increasing global pressure on both governments and businesses to address climate change, many companies are urgently looking for ways to shift to renewables and cut the greenhouse emissions generated by their operations. As it works to decarbonize, MC remains committed to decreasing its CO2 emissions through independent initiatives. We will work proactively to reduce greenhouse gasses through the development and supply of renewables.
*Investments to hedge costs incurred through supply-demand imbalances that occur when solar power outputs fail to match their original forecasts.
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