Amazon has signed a 10-year corporate power purchase agreement (CPPA) with Ørsted to offtake the output of 250MW from Ørsted's planned 900MW Borkum Riffgrund 3 offshore wind farm in Germany.
This CPPA will contribute to Amazon’s target of being 100% renewable by 2030 as part of the company’s goal to reach net zero carbon emissions by 2040. Borkum Riffgrund 3 is expected to become operational in 2025, after Ørsted's final investment decision, expected end of 2021. Borkum Riffgrund 3 will be located in the German North Sea adjacent to Ørsted's existing offshore wind farms Borkum Riffgrund 1 and Borkum Riffgrund 2. In December 2019, Ørsted signed a 10-year corporate power purchase agreement with Covestro. Under the agreement, Covestro will buy the output of 100MW from Borkum Riffgrund 3. This is Ørsted’s second CPPA with Amazon, following the 2016 agreement on the 253MW Amazon Onshore Wind Farm Texas in Scurry County, Texas.
