Repsol has signed a strategic collaboration with Amazon Web Services (AWS) to supply renewable energy to power Amazon business operations.
As part of this collaboration, Repsol and Amazon executed power purchase agreements (PPAs) to supply Amazon with electricity generated from 234MW of solar and wind energy in Spain.
Under the agreement AWS will provide Repsol with new cloud services such as high performance computing, digital twins and natural language processing.
This will help Repsol accelerate its digital transformation of its operations, while supporting sustainability goals, strengthening its integrated approach towards a hybrid multicloud for agility, flexibility, emissions reduction and cost savings there were set out in the company’s multi-energy 2021-2025 Strategic Plan.
Repsol plans to continue growing its renewable business thanks to the development of a portfolio of projects in operation and development in OECD countries, being currently present in Spain, the US, Chile, and Portugal.
Repsol client and low carbon energy generation executive managing director María Victoria Zingoni said: “This collaboration agreement with AWS shows the quality of our renewable business and adds a boost to its profitability.
“It represents a further step in the fulfillment of our strategy for a sustainable and efficient energy transition, committing to digitalization as an indispensable lever of transformation.”
AWS general manager of energy Howard Gefen added: “This collaboration will help us meet our Climate Pledge commitment to reach net-zero carbon by 2040 and power our operations with 100% renewable energy by 2030, a target we are on a path to meet five years early by 2025.
“We are excited to work with Repsol to develop new innovative cloud solutions to help them achieve their sustainability goals and accelerate their digital transformation.”
Repsol has renewable power generation as one of its decarbonization pillars and has recently updated its 2030 installed capacity targets to 20GW, a 60% increase over the previous target.
By 2025, installed capacity will increase to 6GW, up from the 1.7GW that Repsol expects to achieve by the year’s end.