Digital infrastructure company Equinix, Inc. (NASDAQ:EQIX) has significantly increased its backing of renewable power projects with the addition of five new long-term Power Purchase Agreements (PPAs) in Spain totaling 225 megawatts (MW).
Once operational in 2025, the projects are expected to generate more than enough power to match consumption at Equinix’s International Business Exchange™ (IBX®) data centers in Madrid, Barcelona and Seville.
The five new projects, along with existing projects, will bring Equinix’s contracted PPA capacity to 595 MW globally, which is estimated to generate nearly two million MWh annually.
“PPAs are an important financial structure to advance carbon-free power generation that would not happen otherwise because they provide the critical guarantees of cash flow that enable developers…
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