Mercury (ASX:MCY) has agreed to a long-term corporate power purchase agreement with Amazon for renewable energy for their Auckland data centres.
The company reports the renewable energy from Turitea South will be used to support Amazon Web Services’s data centres in Auckland when they launch in 2024.
Additionally, Turitea South is 103 megawatt (MW) and is expected to produce 370 gigawatt hours (GWh) per annum.
“Amazon’s first renewable energy project in New Zealand with Mercury NZ…will enable us to operate our AWS Auckland region using renewable energy when it launches in 2024”
Mercury New Zealand Chief Executive Officer (CEO) Vince Hawksworth says: “In addition to shifting the dial on decarbonisation at home with the development of the Turitea wind farm, this agreement means we’re also supporting a major global company with their decarbonisation goals.”
Amazon New Zealand manager for commercial operations Tiffany Bloomquist said: “I’m excited to share Amazon’s first renewable energy project in New Zealand with Mercury NZ, which will enable us to operate our AWS Auckland region using renewable energy when it launches in 2024, supporting the development of additional renewable energy available for kiwis.”
The power purchase agreement is an electricity supply agreement, where a price is agreed upon for a period of supply. Additionally, the company states that the financial terms of the deal are confidential.
Mercury is an ASX-listed electricity company, which generates electricity from renewable sources including hydro, geothermal, and wind. The New Zealand Government holds a legislated 51% shareholding in the company.