Renewable energy deal to power Amazon’s operations

  • Iberia’s Avangrid and Amazon.com have signed a deal to build a wind farm in Oregon
  • The wind farm will have a capacity of 98.4 megawatts and can power 22,800 homes in a year
  • The project will help Amazon achieve its goal of using only renewable energy by 2025
  • The wind farm will be built by Avangrid, the sustainable energy arm of Spanish company Iberdrola
  • The construction of the wind farm will create job opportunities for 200 people

Iberia’s Avangrid and Amazon.com have announced a partnership to build a wind farm in Oregon. The wind farm will have a capacity of 98.4 megawatts, which is enough to power 22,800 homes in a year. This project is a significant step towards Amazon’s goal of using only renewable energy to power its operations by 2025. Avangrid, the sustainable energy arm of Spanish company Iberdrola, will be responsible for the construction of the wind farm. This project will also create job opportunities for 200 people.

Public Companies: Avangrid (N/A), Amazon.com (N/A), Iberdrola (N/A)
Private Companies:
Key People:

Factuality Level: 9
Justification: The article provides factual information about the agreement between Amazon and Avangrid to source renewable energy from a new wind farm in Oregon. It includes details about the capacity of the wind farm, the number of homes it can power, and the employment opportunities it will create. The information is specific and verifiable.

Noise Level: 8
Justification: The article provides basic information about Amazon and Avangrid signing an agreement for renewable energy sourcing. However, it lacks in-depth analysis, scientific rigor, and actionable insights. It also does not explore the consequences of this decision on those who bear the risks or hold powerful people accountable. The article stays on topic and provides some evidence and data, but overall, it is lacking in substance and does not provide much value beyond the basic information.

Financial Relevance: Yes
Financial Markets Impacted: Renewable energy sector, Amazon.com, Avangrid

Presence of Extreme Event: No
Nature of Extreme Event: No
Impact Rating of the Extreme Event: No
Justification: The article pertains to financial topics as it discusses a renewable energy agreement between Amazon.com and Avangrid. However, there is no mention of any extreme event or its impact.

Reported publicly: www.marketwatch.com