On 3 February 2025, the e-commerce and tech giant signed new power purchase agreements (PPAs) for 476MW in Portugal and Spain. This includes a €350 million PPA for 219MW from Iberdrola’s Tâmega Wind Complex, which marks Amazon’s first procurement in Portugal and is set to become the country’s largest operational wind farm, utilising existing grid infrastructure. At its peak, it will provide over 700 jobs and supply clean electricity to approximately 128,000 households. The two additional PPAs in Spain comprise a 45MW solar PV plant and an eleven-turbine 212MW wind farm, whose turbines reach a height of 107.5 metres and have a rotor diameter of 145 metres.

These three projects are expected to produce 1,093 gigawatt hours (GWh) of electricity each year, which can supply power to more than 300,000 households. Long-term Power PPAs are essential for minimizing investment risks, facilitating financing, and speeding up the energy transition by providing revenue stability for renewable energy utilities.