Renewable energy providers X-Elio and EDPR reach deal with Amazon for energy sales in Japan
Hot Topics: Eco-friendly Energy Ventures Happening Now
Out and about in the world of energy, check out the latest on X-Elio and EDPR!
Exciting Renewable Energy Deals Unveiled
On Monday, April 28th, X-Elio, a company owned by Brookfield, and EDPR sealed 20-year power purchase agreements (PPAs) with Amazon—a major step towards zero-emission power production in both Spain and Japan.
For X-Elio, the power will hail from its Funaki solar plant, scheduled to complete construction in Ube later this year at a 14 MW capacity. Once up and running, it's estimated to generate around 18,686 MWh annually, playing a significant role in aiding Japan's aim for net-zero emissions by 2050.
Meanwhile, EDPR's energy will stem from a 44 MW solar project on a former golf course in Fukushima, due for completion in 2025.
Aligned Aspirations in Sustainability
"This power purchase agreement represents the perfect blend of digital and cloud services aligning with the global transition towards renewable energies," commented X-Elio's CEO, Mirko Molinari, shedding light on the collaboration.
Besides fortifying X-Elio's stake in the Japanese market, this partnership also fuels a shared vision of expediting the move towards a low-carbon future. X-Elio boasts more than 3 GW built, with 20 years of experience lighting the way. As for EDPR, they've earmarked over 1.5 GW of solar capacity in the Asia-Pacific region as of June 2024.
Additional Renewable Energy Developments
X-Elio is also making waves down under, as it looks to expand the capacity of its Blue Grass Solar Farm in Queensland, Australia, by adding a 148 MW / 296 MWh battery storage system. This expansion includes grid-forming inverters and hybrid power capabilities, allowing for further grid stability enhancement.
Furthermore, X-Elio's activities extend to Andalusia, Spain, where it inaugurated its seventh solar plant in March 2025, though the specific capacity remains undisclosed. In Australia, X-Elio is advancing with community updates planned for late Q2 2025 regarding its Canyonleigh BESS projects.
Tech Giant's Greener Strides
Amazon recently inked a hybrid renewable deal totaling 476 MW across the Iberian Peninsula; however, the specific developer from this deal is unspecified in available documents. An intriguing trend observed is tech firms like Amazon increasingly embracing large-scale solar to power their data centers. Stay tuned for more eco-friendly deals and news as the world moves toward a greener tomorrow!
- In the renewable-energy industry, the stocks of companies like X-Elio and EDPR are likely to see growth due to their ambitious projects, such as the 20-year power purchase agreements signed with Amazon.
- By 2025, EDPR aims to complete a 44 MW solar project in Fukushima, Japan, contributing to the country's net-zero emissions goal by 2050.
- In finance, the energy sector is witnessing an increasing shift towards renewable sources, with companies like X-Elio and Amazon investing heavily in solar power.
- EDPR's Asia-Pacific region has earmarked over 1.5 GW of solar capacity as of June 2024, reflecting a growing focus on renewable-energy production in the region.
- The business world, including technology giants and renewable-energy developers, is aligning its aspirations towards sustainability, with more eco-friendly deals and news emerging regularly in the industry.
