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Feb 25, 2024
SYDNEY, Australia – February 26, 2024 – Under a program to reduce energy costs and help address climate change, Equinix, Inc. (Nasdaq: EQIX), the world’s digital infrastructure company®, has deployed a 1MW rooftop solar system at its ME1 International Business Exchange® (IBX®) data centre in Melbourne, bringing additional clean power to local grids where Equinix operates.
In what is one of the largest data centre rooftop solar deployments in Australia, Equinix has now completed installation of rooftop solar systems at eight of its data centres, including Brisbane, Canberra, Melbourne and Sydney, which collectively provides a total of approximately 1.8MW of clean energy to local power grids.
To assist in the funding of this latest rooftop solar deployment in Melbourne, Equinix claimed Victorian Energy Efficiency Certificates (VEECs), which is part of the Victorian Energy Upgrades (VEU) programme established by the Victorian government to help reduce power bills and greenhouse gas emissions.
Officiating the unveiling ceremony of the solar system at Equinix ME1 data centre today, the Hon. Lily D’Ambrosio MP, Minister for Climate Action, for Energy and Resources and for the State Electricity Commission, said: “Data centres are energy intensive, but through the VEU program Equinix has been able to install a large-scale solar system that reduces their operating costs and helps to lower their emissions.”
“Since 2009, the VEU has helped more than 2 million households and 150,000 businesses lower their energy bills and we look forward to saving them even more when we bring more options into the program soon.”
The 1MW rooftop solar system is Equinix’s largest onsite rooftop solar PV system globally, and one of the largest at any data centre in Australia. It reinforces Equinix’s continued focus to add clean energy to the local grid and contribute towards decarbonation.
Earlier this month, Equinix announced the signing of its first long-term renewable energy Power Purchase Agreement in Asia-Pacific, securing 151MW of renewable energy from the Golden Plains Wind Farm – East in Victoria, which will supply enough energy to the grid to cover Equinix’s 17 IBX data centres across Australia.
Guy Danskine, Managing Director, Equinix Australia, said: “Deploying rooftop solar systems at our Australian data centres is an important step in our overarching strategy to help decarbonise the grid and foster a more sustainable future for data centres. In Australia, we have invested millions of dollars in solar systems and have plans to expand this further. We are constantly exploring ways to deliver our digital infrastructure in the most sustainable way to address surging digital needs of businesses and support the development of the country’s digital economy.”
Globally, Equinix’s renewable energy coverage has been more than 90% since 2018, and in 2022, Equinix achieved 96% renewable energy coverage. Considering the company’s growth, renewable energy purchasing on a MWh-basis has increased 29% over the past two years, with the target to achieve 100% renewable energy coverage by 2030. Based on current load projections, Equinix recent Power Purchase Agreement with Golden Plains Wind Farm is expected to provide the final 4% towards its 100% renewables target by 2030.
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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; 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 centres 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 centres; 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 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.
Equinix Media Contact (Asia-Pacific)
Annie Ho
Equinix
annho@ap.equinix.com
PRATAR
Graham White
+61 404 840 533
graham@pratar.com.au