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COINTURK FINANCE > Business > Amazon and Gentari Ink Deal for Major Wind Project in India
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Amazon and Gentari Ink Deal for Major Wind Project in India

Overview

  • Amazon and Gentari signed a PPA for an 80 MW wind project.

  • The project is in Tamil Nadu, expected to operate by mid-2027.

  • Both companies aim to boost renewable energy initiatives in India.

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Amazon (NASDAQ:AMZN) Web Services (AWS) has joined forces with Gentari, a key player in renewable energy solutions, to contribute to sustainable energy development in India. Both companies are embarking on a project that underscores their commitment to scaling renewable sources and addressing global energy demands. With their agreement focusing on wind energy, this initiative marks a significant stride in their shared sustainability journey. As the world leans more towards green energy, the collaboration between AWS and Gentari showcases a tangible effort to meet ambitious goals.

Contents
What Does the Partnership Entail?How Is Gentari Capitalizing on Clean Energy?

AWS and Gentari have finalized a Power Purchase Agreement for an 80 MW wind project set to be operational by mid-2027 in Tamil Nadu. This step closely follows AWS’s substantial investment plans for India’s cloud infrastructure announced earlier. In the recent past, Amazon demonstrated its commitment to renewable energy by achieving its 100% renewable energy target for its global operations, notably ahead of its initial timeline.

What Does the Partnership Entail?

The agreement is expected to support the generation of approximately 300,000 MWh of renewable energy annually. Scheduled to power on in 2027, this collaboration highlights a shared vision for sustainable growth. In recent statements, AWS underscored its goal of achieving net-zero carbon emissions by 2040, aligning well with Gentari’s objectives. Jeff Johnson from AWS emphasized,

“As the world’s largest corporate purchaser of renewable energy globally, AWS continues to work towards our goal of reaching net-zero carbon emissions by 2040. Our collaboration with Gentari, a Malaysian clean energy leader expanding its regional impact, brings us a step closer towards that.”

How Is Gentari Capitalizing on Clean Energy?

Gentari’s involvement in the wind project is part of its broader aim to enhance renewable energy capacity, an initiative launched by Petronas. Since 2023, Gentari has been working with AWS on a series of projects that address energy transition challenges. This multi-faceted cooperation mirrors Gentari’s aim to leverage digital innovation for cleaner energy solutions, as highlighted by CEO Sushil Purohit,

“This collaboration reflects our shared commitment to advancing practical, scalable, and clean energy solutions – vital for Asia and the world’s move towards a low-carbon future.”

Gentari was established by Petronas in 2022 to focus on clean energy innovation across various sectors. This approach underscores the company’s commitment to future-proofing energy resources while reducing carbon footprints. Such collaborations are increasingly vital as global entities address climate and energy challenges.

AWS’s track record of renewable energy procurement has been notable, with the company consistently ranked as a leading corporate energy buyer. Partnering with companies like Gentari, it continues to contribute significant resources towards building sustainable infrastructure that benefits both local and global communities.

The efforts by AWS and Gentari reflect broader industry trends of aligning renewable projects with corporate energy consumption goals. These collaborations are reshaping how companies meet energy demands while committing to sustainable practices that have far-reaching impacts on environmental preservation. Through such initiatives, they not only bolster their sustainability credentials but also set benchmarks for other industries to follow.

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Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should conduct their own research.

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