Amazon to enter electricity trading
Mint Mumbai|January 04, 2023
Amazon.com Inc. has secured a category-III power trading licence in India and is building a portfolio of wind and solar power to sell on local electricity exchanges, two people aware of the development said.
Utpal Bhaskar
Amazon to enter electricity trading

Amazon has signed power purchase agreements totalling 720 megawatts (MW) with Vibrant Energy, ReNew Energy Global, Amp Energy India and Brookfield Renewable, and is seeking to sign more such accords, the people said, seeking anonymity.

The American retailer has established AEI New Energy Trading Pvt. Ltd for trading clean energy in India.

Amazon Web Services (AWS), the cloud computing unit of the e-commerce giant, operates several data centres around the world, including India, that consume a significant amount of electricity.

To help offset its carbon footprint, AWS has committed to using renewable energy and has invested in wind and solar energy projects globally. In addition, AWS also works with customers to help them cut carbon footprint and increase the use of renewable energy.

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