Amazon And Meta Tap Japan’s Itochu For Clean Energy Supply

Japanese trading house Itochu Corp (OTC:ITOCF) agreed to supply wind-generated power solar energy to Amazon.Com Inc (NASDAQ:AMZN) in Japan via Clean Energy Connect Co,…
  • Japanese trading house Itochu Corp (OTC:ITOCF) agreed to supply wind-generated power solar energy to Amazon.Com Inc (NASDAQ:AMZN) in Japan via Clean Energy Connect Co, Ltd.
  • CEC inked a deal with Amazon to develop non-FIT low-pressure solar power plants in 700 sites dedicated to supplying 70 MW DC and 38 MW AC power to Amazon in Japan by 2024. 
  • Amazon migrated the sources of all of the energy used in its business operations to renewable energy by 2025 and aimed to procure renewable energy worldwide.
  • Itochu inked a deal with Fengate Asset Management to invest in the Prairie Switch Wind Project, which is currently under construction in Texas and will have a total generating capacity of 160 MW.
  • Itochu inked a corporate power purchase agreement with Meta Platforms Inc (NASDAQ:META) in the U.S.
  • The Texas Wind Power Plant Project comprised 48 wind turbines with a generating capacity of 3.4 MW each and a total generating capacity of 160 MW. It will likely reach commercial operation at the end of 2023.
  • Price Action: AMZN shares closed higher by 0.16% at $99.70 on Tuesday.
Total
0
Shares
Related Posts
Read More

Rock Star Travis Barker Joins California Cannabis Market With Customized Products, Here’s Where To Find Them

Travis Barker, the drummer for rock band Blink-182, has launched his own cruelty-free cannabis brand. Barker Canna Co. offers vegan products including prerolls, edibles and vape cartridges. A hardware partnership between the company and cannabis firm TILT Holdings has been announced. Currently, Barker Canna products are available at The Syndicate dispensary in California. Tim Conder, CEO of TILT, stated: "Jupiter's established reputation as an innovative, trusted supplier of inhalation products made this partnership with Barker Canna Co. a natural fit." Other famous musicians and celebrities have launched their own cannabis brands in California, including Carlos Santana, Willie Nelson and Berner.

TILT