REDWOOD CITY, Calif.,
June 14, 2021 /PRNewswire/
-- Equinix, Inc. (Nasdaq: EQIX), the world's digital
infrastructure companyTM, today announced
agreements for additional joint ventures in the form of limited
liability partnerships with GIC, Singapore's sovereign wealth fund, which when
closed and built out will bring the xScaleTM data center
portfolio to greater than $6.9
billion across 32 facilities globally.
xScale data centers add to Equinix's global platform of more
than 220 International Business Exchange™ (IBX®) data
centers by serving the unique core workload deployment needs of a
targeted group of hyperscale companies, including the world's
largest cloud service providers. After deal closing and buildout,
the xScale data center portfolio will span three regions:
- Europe: Dublin (three xScale data centers),
Frankfurt (five xScale data
centers), Helsinki (one xScale
data center), London (two xScale
data centers), Madrid (two xScale
data centers), Milan (one xScale
data center), Paris (four xScale
data centers) and Warsaw (one
xScale data center)
- Asia-Pacific:
Osaka (three xScale data centers)
and Tokyo (three xScale data
centers)
- Americas: Mexico City
(one xScale data center) and São Paulo (three xScale data
centers)
- Three additional sites are expected to be announced at a future
date
Said Charles Meyers, CEO of
Equinix: "For years, the world's largest cloud service
providers, including Alibaba Cloud,
Amazon Web Services, Google Cloud, IBM Cloud, Microsoft Azure and
Oracle Cloud Infrastructure, have partnered with Equinix to
leverage its global platform of more than 220 data centers to
directly connect to their strategic business partners and
customers. With our xScale program, these hyperscalers can continue
to grow at Equinix while in close proximity to an ecosystem of
10,000 customers. The joint venture arrangement of xScale enables
these large deployments to be structured in an off-balance sheet
model that aims to preserve capital for investment in our
traditional retail data center and digital infrastructure business
and maintain our strategic and financial flexibility."
Highlights/Key Facts
- It is expected that the xScale portfolio of 32 facilities will
provide more than 600 megawatts (MW) of power capacity when fully
built out.
- With xScale data centers, hyperscale companies can add core
deployments to their existing access point footprints at Equinix,
enabling their growth on a single platform that can immediately
span 63 global metros and offer direct interconnection—within
a vibrant set of ecosystems—to their customers and strategic
business partners.
- Platform Equinix® features more than 40% of the
private on-ramps to the top global cloud service providers – more
than any other provider. As hyperscale companies scale their
operations at Equinix, the ecosystem of nearly 10,000 enterprises
and other companies currently operating at Equinix benefit from
increased opportunities to directly connect and operate in
proximity to the largest global cloud operators.
- Equinix is a leader in data center sustainability and is
greening the supply chains of its customers. Equinix's long-term
goal of using 100% clean and renewable energy for its global
platform has resulted in significant increases in renewable energy
coverage globally. Equinix has continued to make advancements in
the way it designs, builds and operates its data centers with high
energy-efficiency standards, and all xScale data centers will be
LEED certified (or regional equivalent certification).
- The JV projects in today's announcement are expected to close
in several waves over the course of 2021, pending regulatory
approval and other closing conditions.
- Under the terms of the JV agreements, GIC will own an 80%
equity interest in the future joint ventures and Equinix will own
the remaining 20% equity interest.
Quote
- Jabez Tan, Head of Research,
Structure Research:
"By building upon the xScale
portfolio, Equinix is well-positioned to further accelerate the
adoption of hybrid and multicloud as the IT architecture of choice
for today's businesses, while meeting hyperscalers' needs for
operational reliability, global reach and interconnectivity to rich
ecosystems that are critical to serving their customers
worldwide."
Additional Resources
- Hyperscale Data Center Expansion Goes into
Hyperdrive [Equinix Blog]
- Hyperscale Connectivity Drives $3
Billion in Data Center Projects by Equinix and JV
Partners [press release]
- Equinix and GIC to Form Greater than US$1.0 Billion Joint Venture to Develop and
Operate Hyperscale Data Centers in Japan [press release]
- Equinix and GIC Complete Formation of Greater than US$1.0 Billion European Data Center Joint
Venture [press release]
- How Hyperscale Data Centers Can Power Cloud Provider
Success [Equinix Blog]
- Powering Digital Leaders [e-book]
About Equinix
Equinix (Nasdaq: EQIX) is the world's digital infrastructure
company, enabling digital leaders to harness a trusted platform to
bring together and interconnect the foundational infrastructure
that powers their success. Equinix enables today's businesses to
access all the right places, partners and possibilities they need
to accelerate advantage. With Equinix, they can scale with agility,
speed the launch of digital services, deliver world-class
experiences and multiply their value.
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 related to Equinix's ability to
complete the closing of the joint ventures on the proposed terms
and schedule; risks related to Equinix or GIC being able to satisfy
their respective closing conditions related to the joint ventures,
including obtaining regulatory approval; any inability of Equinix,
GIC or the joint ventures to obtain financing as needed; risks
related to whether the data centers which will be contributed to
the joint ventures will be integrated successfully, and whether
such integration may be more difficult, time-consuming or costly
than expected; risks that the expected benefits of the joint
ventures will not occur; the challenges of operating and managing
data centers and developing, deploying and delivering Equinix
services; the ability to generate sufficient cash flow or otherwise
obtain funds to repay new or outstanding indebtedness; competition
from existing and new competitors; the loss or decline in
business from key hyperscale companies; disruption from the
joint ventures making it more difficult to conduct business as
usual or maintain relationships with customers, employees or
suppliers; and other risks described from time to time in Equinix's
filings with the Securities and Exchange Commission. In
particular, see recent 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.
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SOURCE Equinix, Inc.