Equinix and Sembcorp Energy have signed two long-term energy buy agreements (PPAs) in Singapore. Sembcorp will provide 105 MW to Equinix’s knowledge facilities in Singapore, together with 75 MW of photo voltaic, for as much as 18 years.

picture: Sebastian Ganso, Pixabay

Sembcorp, a Singaporean power firm, has signed two long-term PPAs with subsidiaries underneath US knowledge heart large Equinix. Sembcorp’s wholly owned subsidiary, Sembcorp Energy, will provide 105 MW of energy to Equinix for its knowledge facilities in Singapore, for a interval of as much as 18 years.

The capability will include 75 MW of photo voltaic from Sembcorp’s renewable power portfolio and 30 MW from its broader portfolio. The offers are Equinix’s first renewable power PPAs in Singapore.

Equinix Government Vice President of International Operations Raoul Abdel mentioned the agreements contribute to the corporate’s world aim of 100% clear and renewable protection by 2030. The PPAs will probably be accretive to Sembcorp’s earnings within the monetary yr ending Dec. 31, 2024.

Sembcorp mentioned the PPAs improve the long-term contracted capability for its gas-fired energy technology portfolio in Singapore from 74% to 77%. The corporate is presently the most important photo voltaic power provider within the metropolis state, with a portfolio of about 727 MW.

This content material is protected by copyright and will not be reused. If you wish to cooperate with us and want to reuse a few of our content material, please contact: editors@pv-magazine.com.