SINGAPORE – December 3, 2024 – Striving to help mitigate the impact of global climate change, Equinix, Inc. (Nasdaq: EQIX), the world's digital infrastructure company®, today announced the signing of its second renewable energy power purchase agreement (PPA) in Singapore with Sembcorp Power Pte Ltd, a wholly-owned subsidiary of Sembcorp Industries. With this second PPA, Sembcorp Power will support Equinix with a maximum of 133.5 Megawatt peak (MWp) of renewable energy for its expanding data center portfolio in Singapore. This continued investment underscores Equinix's commitment to providing digital infrastructure for economic growth while reducing carbon emissions in line with the Singapore Green Plan 2030.
This second PPA will provide Equinix with a maximum capacity of 58.5 MWp of solar energy generated from JTC’s properties on Jurong Island starting in 2029. This renewable energy source will have a significant impact, equivalent to powering over 17,200 4-room HDB flats annually and reducing over 30,275 tons of carbon emissions per year. Aligning with the Singapore government’s vision to transform Jurong Island into a sustainable energy and chemicals park, this PPA will enable clean energy to support the nation's transition toward a greener economy.
Yee May Leong, Managing Director, Singapore, Equinix, said, “Data centers serve as the foundation of the digital economy, yet the increasing energy demands of AI are impacting national power constraints and emissions targets. Equinix is actively addressing these challenges by implementing efficiency best practices and energy procurement strategies that align with our environmental commitments. We are thrilled to announce our second PPA in Singapore, showcasing our continued dedication to supporting our customers in their pursuit of business growth and sustainability objectives.”
Vickrem Vijayan, Head of Energy Commercial (Singapore), Sembcorp, said, “We are pleased to deepen our ongoing partnership with Equinix, supporting them in advancing their sustainability goals and helping to shape a more sustainable digital economy. We look forward to future collaborations that will drive the energy transition and support Singapore’s 2030 Green Plan.”
Highlights/Key Facts:
*Equinix operates four data centers in Shanghai through a strategic partnership
Additional Resources
About Equinix
Equinix (Nasdaq: EQIX) is the world's digital infrastructure company®. Digital leaders harness Equinix's trusted platform to bring together and interconnect foundational infrastructure at software speed. Equinix enables organizations to access all the right places, partners and possibilities to scale with agility, speed the launch of digital services, deliver world-class experiences and multiply their value, while supporting their sustainability goals.
Forward-Looking Statements
This press release contains forward-looking statements that involve risks and uncertainties. Actual results may differ materially from expectations discussed in such forward-looking statements. Factors that might cause such differences include, but are not limited to, risks to our business and operating results related to the current inflationary environment; foreign currency exchange rate fluctuations; stock price fluctuations; increased costs to procure power and the general volatility in the global energy market; the challenges of acquiring, operating and constructing IBX® and xScale® data centers and developing, deploying and delivering Equinix products and solutions; unanticipated costs or difficulties relating to the integration of companies we have acquired or will acquire into Equinix; a failure to receive significant revenues from customers in recently built out or acquired data centers; failure to complete any financing arrangements contemplated from time to time; competition from existing and new competitors; the ability to generate sufficient cash flow or otherwise obtain funds to repay new or outstanding indebtedness; the loss or decline in business from our key customers; risks related to our taxation as a REIT; risks related to regulatory inquiries or litigation and other risks described from time to time in Equinix filings with the Securities and Exchange Commission. In particular, see recent and upcoming Equinix quarterly and annual reports filed with the Securities and Exchange Commission, copies of which are available upon request from Equinix. Equinix does not assume any obligation to update the forward-looking information contained in this press release.
Media Contact (Asia-Pacific)
EquinixAnnie Ho
annho@ap.equinix.com
Media Contact (Singapore)
TEAM LEWIS
Geneva Pichay
+65 9648 4254
equinixSG@teamlewis.com