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Technology companies are the biggest commercial investors into the solar power sector in the US, including Meta, Amazon and Google.

Global corporate PPA volumes for solar and wind increased to a record of 46GW in 2023 driven by substantial growth in EMEA.

Renewable energy IPP Vena Energy began operations at a 125MW PV site in the Australian state of Queensland last week.

Tech and delivery giant Amazon has added over 1GW of solar PV and wind capacity to its operations in Europe so far in 2023.

National Grid Renewables has begun operations on the 247MW Yellowbud solar PV project, delivering power to Amazon under a pre-arranged PPA.

Tech giant Amazon has added 8.3GW of renewable energy capacity in 2022 globally, across 133 new projects in 11 countries.

PV has outpaced wind as the preferred choice for corporate buyers in the US, with utility-scale solar accounting for 58% of the total contracted clean power to date, according to trade body the American Clean Power Association (ACP).

Amazon has expanded its renewable energy presence in India with two solar-wind hybrid projects to be developed in partnership with Vibrant Energy, a subsidiary of Macquarie Green Investment Group.

Canadian renewable energy company Brookfield Asset Management has established a mutual agreement with Amazon Web Services (AWS) that will see 600MW of solar and wind capacity provided to fuel Amazon’s operations. Brookfield will also employ AWS’ technology and digital capabilities to optimise its infrastructure.

In the span of two and a half years, commercial solar has doubled its installed capacity from 9.8GW at the end of 2019 to 19GW of solar PV until June 2022.