Sembcorp, a Singaporean energy company, has signed two long-term PPAs with subsidiaries under US data center giant Equinix. Sembcorp’s wholly owned subsidiary, Sembcorp Power, will supply 105 MW of power to Equinix for its data centers in Singapore, for a period of up to 18 years.
The capacity will consist of 75 MW of solar from Sembcorp’s renewable energy portfolio and 30 MW from its broader portfolio. The deals are Equinix’s first renewable energy PPAs in Singapore.
Equinix Executive Vice President of Global Operations Raoul Abdel said the agreements contribute to the company’s global goal of 100% clean and renewable coverage by 2030. The PPAs will be accretive to Sembcorp’s earnings in the financial year ending Dec. 31, 2024.
Sembcorp said the PPAs increase the long-term contracted capacity for its gas-fired power generation portfolio in Singapore from 74% to 77%. The company is currently the largest solar energy supplier in the city state, with a portfolio of about 727 MW.
This content is protected by copyright and may not be reused. If you want to cooperate with us and would like to reuse some of our content, please contact: editors@pv-magazine.com.
1 comment
By submitting this form you agree to pv magazine using your data for the purposes of publishing your comment.
Your personal data will only be disclosed or otherwise transmitted to third parties for the purposes of spam filtering or if this is necessary for technical maintenance of the website. Any other transfer to third parties will not take place unless this is justified on the basis of applicable data protection regulations or if pv magazine is legally obliged to do so.
You may revoke this consent at any time with effect for the future, in which case your personal data will be deleted immediately. Otherwise, your data will be deleted if pv magazine has processed your request or the purpose of data storage is fulfilled.
Further information on data privacy can be found in our Data Protection Policy.