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AMAZON.COM, INC.

(AMZN)
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Amazon com : seeks renewable power for Japan data centres - Nikkei

05/13/2021 | 10:53pm EDT
FILE PHOTO: The logo of Amazon is seen at the company logistics centre in Boves

TOKYO (Reuters) - Amazon.com Inc is in talks with Japanese power utilities and trading houses to build a renewable power plant in Japan to procure clean energy for its local data centres, the Nikkei reported late on Thursday.

The U.S. online retail and tech giant is seeking ways to procure electricity over the long term from exclusive renewable energy power stations, the Nikkei said.

A Japanese trading house is considering supplying electricity to Amazon from an off-shore wind farm to be built in Japan if it wins in the government auction that began last year, the Nikkei said.

The Japanese government brought in a law in 2019 to enhance development of offshore wind farms, allowing operators to use designated sea zones for 30 years. The auction under the new law started last year.

Amazon is also in talks with power companies to build a new solar power plant, the Nikkei said.

The tech behemoth, which has seven data centres in Japan, aims to make all the power consumed globally by its data centres renewable by 2025, according to the Nikkei.

Amazon was not immediately available for comment.

The U.S. company has pledged to reach net zero carbon emissions by 2040 and to power all its operations with renewable energy by 2030.

The company issued its first sustainability bond on Monday, raising $1 billion to invest in renewable energy, clean transport, greener buildings and affordable housing.

(Reporting by Yuka Obayashi; Editing by Shri Navaratnam)


ę Reuters 2021
Stocks mentioned in the article
ChangeLast1st jan.
AMAZON.COM, INC. 0.13% 3327.5846 Delayed Quote.2.17%
NIKKEI 225 1.82% 27781.02 Real-time Quote.-0.59%
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Financials (USD)
Sales 2021 476 B - -
Net income 2021 27 025 M - -
Net cash 2021 60 587 M - -
P/E ratio 2021 63,1x
Yield 2021 -
Capitalization 1 678 B 1 678 B -
EV / Sales 2021 3,40x
EV / Sales 2022 2,81x
Nbr of Employees 1 298 000
Free-Float 82,1%
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Amazon.com, Inc. Technical Analysis Chart | AMZN | US0231351067 | MarketScreener
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Mean consensus BUY
Number of Analysts 53
Last Close Price 3 327,59 $
Average target price 4 161,03 $
Spread / Average Target 25,0%
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Managers and Directors
Andrew R. Jassy President, Chief Executive Officer & Director
Brian T. Olsavsky Chief Financial Officer & Senior Vice President
Jeffrey P. Bezos Executive Chairman
Patricia Q. Stonesifer Independent Director
Thomas O. Ryder Independent Director
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