[ad_1]
Article content
Tech giant Amazon.com Inc is investing in its first Canadian wind farm.
The company said it will partner with developer Copenhagen Infrastructure Partners on a 495-megawatt capacity wind farm to be built in Vulcan County in southern Alberta.
Amazon has other renewable energy projects in Canada, including a solar farm in Alberta, which is Canada’s largest.
This energy will help power Amazon’s local operations in Alberta, including its fulfilment centers, sortation centers, delivery stations and Amazon Web Services data center.
The company is one of a growing number of large corporations that are seeking to achieve their own environmental commitments by purchasing long-term renewable electricity contracts known as power purchase agreements.
The Alberta electricity market in particular has seen a significant increase in corporate power purchase agreements in recent years — a trend that has contributed to the rapid growth of the renewable energy sector in the province.
Amazon has committed to powering its operations with 100 per cent renewable energy by 2030, and says it is on track to reach that goal ahead of schedule.
Article content
The Canadian Press
Read more
Stock markets before the opening bell
Global stocks paused their rally today, as the euphoria over a potential dovish pivot by central banks faded and earnings from a slew of companies undershot expectations.
Europe’s Stoxx 600 index slid 0.2 per cent and U.S. equity futures ticked lower.
Ten-year Treasuries steadied near 4.5 per cent after yields increased by almost nine basis points in the previous session. The dollar was little changed and West Texas Intermediate declined toward US$76 a barrel.
Bloomberg
What to watch today
Canadian housing starts come out today, offering a look at how homebuilding is progressing as the country struggles with affordability.
Investors will watching Walmart Inc earnings today after Target Corp beat expectations Wednesday.
Also on tap are U.S. initial jobless claims, U.S. trade price indices, industrial production and capacity utilization and the Philadelphia Fed Index
Related Stories
-
None
-
Canada home prices slide as homebuyers go into ‘hibernation’
-
Loblaw, Metro point the finger at suppliers for food inflation
Need a refresher on yesterday’s top headlines? Get caught up here.
Additional reporting by The Canadian Press, Associated Press and Bloomberg
Share this article in your social network
[ad_2]
Source link