REDWOOD CITY, Calif.,
Sept. 23, 2015 /PRNewswire/ --
Equinix, Inc. (Nasdaq: EQIX), the global interconnection and data
center company, today announced that it has signed a power purchase
agreement (PPA) for 105 megawatts (MWAC) of new solar
power with SunEdison, Inc. (NYSE: SUNE), the largest global
renewable energy development company. This purchase will cover all
of Equinix's California data centers, including 11 facilities
located in the Los Angeles and
Silicon Valley metro areas, as well as its Redwood City, California global headquarters.
With this deployment, Equinix's data center footprint will increase
its use of clean, renewable sources from 30% to 43% globally.
Highlights / Key Facts
- The project, known as the Mount Signal Solar II project, will
be located in the territory of San Diego Gas & Electric near
Calexico, California, and just
north of the United
States-Mexico border.
Construction of the 150 MWAC total capacity solar farm
is expected to begin in 2015 and achieve commercial operation in
the second half of 2016.
- The Mount Signal Solar II project is expected to generate
300,000 MWh per year to offset Equinix's electrical consumption.
The project will effectively reduce Equinix's carbon footprint by
over 180 million lbs of CO2 annually – the equivalent of taking
18,000 passenger cars off of U.S. roads each year [1]. Equinix will
also receive Green-e certified renewable energy certificates from
SunEdison to bridge the approximately 12 months from contract
execution to project completion.
- Earlier this year Equinix announced its commitment to 100
percent clean and renewable energy for its entire global footprint
of 105 data centers located in 33 markets. Through ongoing
development of partnerships Equinix continues to deploy innovative
new technologies to make this commitment a reality. Most recently
it deployed a 342 kWp PV solar system at its SG3 International
Business Exchange™ (IBX®) data center in Singapore and is in the process of installing
a 1MW fuel cell system, fueled by bio-gas, at its Silicon Valley
(SV5) data center.
- Equinix also announced today that it has signed on to the World
Resources Institute (WRI) and World Wildlife Fund (WWF) Corporate
Renewable Energy Buyers' Principles, which are used to advocate for
easier access to, cost competitiveness of, and increased grid use
of renewable energy sources.
- Additionally, Equinix has joined the Rocky Mountain Institute's
Business Renewables Center (BRC) which is a collaborative platform
aimed at accelerating corporate renewable energy procurement.
SunEdison is a founding project developer member of the BRC.
Quotes
- Paul Gaynor, executive vice
president, SunEdison EMEA and Americas:
"The Mount Signal Solar project is another demonstration of
SunEdison's ability to deliver cost effective renewable energy.
Smart companies like Equinix know they can rely on SunEdison to
help them save money, meet their sustainability goals, and create
valuable jobs in the local community."
- Herve Touati, managing
director, Rocky Mountain Institute:
"Equinix is demonstrating its sustainability leadership in
the fast growing, power intensive, data center industry. It is
exciting to have Equinix as a member of the BRC, working with
SunEdison, one of our founding members, to reach impressive
renewable targets in record time. I am also pleased that, as a
member of our BRC community, Equinix is ready to take steps to
share some of its experience with other corporate buyers to
accelerate the deployment of renewable energy. The shared goal of
our community is to add another 60 GW of wind and solar energy by
2030, and we need more companies like Equinix to blaze the
trail."
- Karl Strohmeyer, president, Equinix
Americas:
"Equinix's purpose is to power the digital economy and we
believe that it is important to do this in an environmentally
sustainable way. This PPA is a major milestone in achieving our
long-term goal of reaching 100 percent renewable power and it
solidifies Equinix's position as a global data center leader in
sustainability."
Additional Resources
- Equinix to install Bloom Energy Fuel Cells at Silicon Valley
Data Center [press release]
- Living By Our Principles and a Commitment to 100% Renewable
Energy Use [blog]
- Greenpeace's 2015 Click Green Report [third-party report]
About Equinix
Equinix, Inc. (Nasdaq: EQIX)
connects the world's leading businesses to their customers,
employees and partners inside the most interconnected data centers.
In 33 markets across five continents, Equinix is where companies
come together to realize new opportunities and accelerate their
business, IT and cloud strategies. www.equinix.com.
About SunEdison
SunEdison is the
largest global renewable energy development company and is
transforming the way energy is generated, distributed, and owned
around the world. The company develops, finances, installs, owns
and operates renewable power plants, delivering predictably priced
electricity to its residential, commercial, government and utility
customers. SunEdison is one of the world's largest
renewable energy asset managers and provides customers with asset
management, operations and maintenance, monitoring and reporting
services. Corporate headquarters are in the United
States with additional offices and technology manufacturing
around the world. SunEdison's common stock is listed on
the New York Stock Exchange under the symbol
"SUNE." To learn more, visit www.sunedison.com.
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,
the challenges of acquiring, operating and constructing IBX centers
and developing, deploying and delivering Equinix services;
unanticipated costs or difficulties relating to the integration of
companies we have acquired or will acquire into Equinix; a failure
to receive significant revenue from customers in recently built out
or acquired data centers; 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; and other risks described from time to time in Equinix's
filings with the Securities and Exchange Commission. In particular,
see Equinix's recent 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 and IBX are registered trademarks of Equinix,
Inc.
International Business Exchange is a trademark of Equinix, Inc.
[1] Calculated by using U.S. EPA eGRID 2014 v1 regional
emissions factors and Global Warming Potentials from the IPCC 4th
Assessment and the U.S. EPA GHG Equivalencies Calculator
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SOURCE Equinix, Inc.