Sembcorp inks 2 long-term PPA with Equinix

This is Equinix’s first renewable energy power purchase deal in Singapore.

This is Equinix’s first renewable energy power purchase deal in Singapore.

Sembcorp Industries subsidiary Sembcorp Power Corp signed two long-term power purchase agreements (PPA) with Equinix’s subsidiaries to supply power for its Singapore data centres, marking Equinix’s first renewable energy PPA in the country.

In a statement, Sembcorp said it will supply a maximum capacity of 75 megawatts-peak (MWp) from its solar assets, and 30 MW from its power generation portfolio for up to 18 years.

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“The PPA with Equinix increases Sembcorp’s long-term contracted capacity for its gas-fired power generation portfolio in Singapore from 74% to 77%,” Sembcorp said. “These Equinix PPAs collectively add to Sembcorp’s existing long-term PPA contracts with customers, ensuring a strong and stable stream of operating cash flow for the Group,” it added.

Sembcorp is Singapore’s largest solar energy provider with a portfolio of 727 MWp.

Sembcorp Industries

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