Equinix Surpasses 1 Gigawatt Clean Energy Support Across Key Markets
Equinix, Inc. has executed a new PPA in Australia. The announcement signals a broader industry goal of bringing additional clean power to a region where conditions have traditionally been more challenging for executing renewable energy projects.
“Data center operators and other large corporate energy customers, like Equinix, have accelerated the clean energy transition by executing PPAs and other contracts that create long-term financial stability for developers of wind, solar and other clean energy resources. said Kevin Hagen, Interim CEO of the Clean Energy Buyers Association (CEBA).”
“To date, Equinix has executed 21 PPAs globally resulting in 3,000,000 MWh of renewable energy and as we expand our global data center footprint, we will continue to assess opportunities for greening the grids that we move into”
Christopher Wellise, Vice President, Sustainability
The new PPA in Australia is with TagEnergy and includes the purchase of 151 megawatts (MW) of renewable energy that is expected to come online at the provider’s Golden Plains Wind Farm – East project in 2029. The agreement is Equinix’s first long-term renewable energy agreement in the Asia-Pacific region.
PPAs are financial contracts that bring to market renewable energy projects, such as wind and solar farms, which increase access to clean energy in local energy grids. They are typically contracts whereby consumers of electricity, such as Equinix, agree to purchase from a renewable generator at a fixed price over the duration of a multi-year contract. With a guaranteed price paid to wind and solar farm generators over the life of the agreement, PPAs can provide financial certainty to facilitate the construction and operations of renewable energy projects.
“To date, Equinix has executed 21 PPAs globally resulting in 3,000,000 MWh of renewable energy and as we expand our global data center footprint, we will continue to assess opportunities for greening the grids that we move into,” said Christopher Wellise, Vice President, Sustainability.”