Amazon, Target & othespace record ‘clean’ energy buying, little sign of stopping

Influential companies, including retail giants Amazon.com and Target; and tech powerhouses Microsoft and Meta — parent company of Facebook FB, -3.74% bought a record 31.1 gigawatts of renewable energy to run their operations in 2021. That’s a jump of nearly 24% from the previous year’s record of 25.1GW of renewables, mostly solar and wind. The latest tally comes from research firm BloombergNEF, which said in a release Monday that over two-thirds of these purchases occurred in the U.S. America has trailed Europe and parts of Asia in shifting from coal and natural gas-derived NG00, +1.04% power to renewable alternatives ICLN, -2.60% to create electricity. Within the U.S., the largest technology companies are leading the move, however; they collectively signed over half of the deals. - MarketWatch