| | MAY 20249Sembcorp Industries, an energy and urban solutions provider, has recently signed a power purchase agreement (PPA) for renewable energy with Equinix. The agreement is for a 75 megawatt-peak (MWp) solar energy project. Renewable energy PPAs are contracts between electricity buyers and energy generators, such as wind and solar farms. These agreements are an impactful way for data centers to acquire renewable energy and support the introduction of new renewable energy sources in local markets."We are pleased to support Equinix with its first renewable energy PPA in Singapore, as it transitions towards its 2030 sustainability goals", Sembcorp Singapore head of energy commercial Vickrem Vijayan said. "Our unique suite of competitive and green energy solutions will underpin Equinix's sustainability efforts and environmental stewardship within its data centers, which are a fast-growing cornerstone of the digital economy", Vijayan added.This agreement is part of the Housing Development Board (HDB) SolarNova 7 program and is one of the largest data center renewable energy PPAs in Singapore. Equinix expects this agreement to contribute to their renewable energy coverage across their data center portfolio in Singapore starting from January 1, 2027.Equinix has signed a total of 22 Power Purchase Agreements (PPAs) globally. Once operational, these agreements are expected to contribute over 3,000,000 megawatt hours (MWHs) of renewable energy annually to local grids across eight countries including the US, Australia, France, Finland, Portugal, Spain, Sweden and Singapore. "Our recent PPA agreements in Singapore and Australia are significant steps toward our 2030 goal of 100 percent clean and renewable coverage globally", Equinix global operations vice president Raouf Abdel said.To date, Equinix has achieved 96% renewable energy coverage worldwide. It has also achieved 100% coverage in China, Hong Kong, India, Japan, Korea, and Singapore. "By harnessing the potential of renewable energy sources locally, Equinix will be able to meet AI requirements sustainably and help businesses keep up with the rapid pace of digital innovations to support the Singapore digital economy", Equinix Singapore managing director Yee May Leong said. IN FOCUSSEMBCORP JOINS FORCES WITH EQUINIX FOR GREEN ENERGY INITIATIVE PROJECT
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