Equinix, Inc., the global digital infrastructure company, has signed a solar energy power purchase agreement (PPA) in Singapore with ESR-TEPCO SINGAPORE ASSETCO ALPHA PTE. LTD. (ASSETCO).
Equinix said in a statement on Thursday that the third PPA in Singapore is expected to secure over 10 MWp of renewable energy through rooftop solar deployments from private commercial and industrial buildings nationwide, further supporting the nation’s sustainability goals.
The agreement also includes a strategic option to scale capacity over time, enabling deeper integration of rooftop solar across Singapore’s commercial and industrial sectors.
This positions Equinix to play a leading role in accelerating the nation’s renewable energy transition and supporting long-term sustainability objectives.
This announcement demonstrates Equinix’s ongoing efforts to integrate renewable energy into its operations while supporting clean energy deployment in the local markets where it operates.
Scheduled to commence in 2026, this 20-year agreement will deliver renewable energy from the solar capacity of locally sourced rooftops.
ASSETCO is a special purpose vehicle established by ESR and Tokyo Electric Power Company Holdings, Inc. (TEPCO HD) — a partnership between one of Asia-Pacific’s leading real asset managers and Japan’s key power utility.
Since 2024, Equinix has signed three new PPAs, which are projected to result in a total of 143.5 MWp of renewable energy.
Once this solar capacity becomes operational, the annual equivalent of avoided carbon dioxide emissions will be approximately 55,000 tonnes, supporting the company’s climate goals while contributing to Singapore’s Green Plan 2030.
“Digital infrastructure powers Singapore’s economic growth, and Equinix is proud to grow alongside the nation—guided by shared values of sustainability, innovation, and resilience,
“Our PPA with ESR and TEPCO HD reflects our commitment to clean energy and collective action, supporting Singapore’s Green Plan 2030 and a greener future for all,” said Yee May Leong, Managing Director, Singapore, Equinix.
Established in 2023, ASSETCO is developing a rooftop solar PV corporate PPA initiative across the Asia-Pacific region, targeting the installation of 100 MWp of rooftop solar power generation capacity, primarily on logistics warehouses and data centers.
In April 2024, Equinix signed its first long-term PPA in Singapore with Sembcorp Industries, which is expected to result in about 75 MWp of solar energy starting from January 1, 2027.
In December 2024, Equinix signed its second long-term PPA in Singapore, securing up to 58.5 MWp of solar energy from JTC’s properties on Jurong Island, commencing in 2029.
Including this newly signed PPA, Equinix has executed 27 PPAs globally across 11 countries, including India, Japan and Australia, bringing its total portfolio to more than 1.3 GW of new wind and solar capacity.
In 2015, Equinix was the first in the data center industry to set a 100 percent clean and renewable energy coverage goal by 2030.
Today, Equinix has achieved 96 percent renewables coverage globally.