Repsol and Amazon have signed a strategic collaboration, which includes a renewable power purchase agreement, to support each other’s sustainability goals.
The Spanish energy company will provide Amazon Web Services with 234 megawatts of solar and wind power from Spain, contributing to Amazon’s commitment to power its global operations with 100% renewable energy by 2030.
Amazon will provide Repsol with new cloud services to advance its digital transformation, including high performance computing, digital twins, and natural language processing.
"This collaboration agreement with Amazon Web Services shows the quality of our renewable business and adds a boost to its profitability,” said Maria Victoria Zingoni, executive managing director of Repsol Client and Low Carbon Energy Generation.
“It represents a further step in the fulfilment of our strategy for a sustainable and efficient energy transition, committing to digitalization as an indispensable lever of transformation."
Digitalisation is one of Repsol’s pillars in its 2021-2025 Strategic Plan, as the company saw returns above $371 million (€330 million) in 2020 from its digital programme. Returns from its 2021 digital programme are expected to reach $563 million (€500 million).
“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 5 years early by 2025,” Howard Gefen, Amazon Web Services general manager of energy, said.
“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.”