Equinix, Inc. increased its backing of renewable power projects with the addition of five new long-term Power Purchase Agreements (PPAs) in Spain totaling 225 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.
The projects will be managed by Madrid-based IGNIS, an integrated renewable energy group involved in the entire value chain, from development to operation and energy solutions. IGNIS has participated in the development of a portfolio of more than 20 GW of renewable projects in Europe, the U.S., Latin America, and Asia, and it currently manages an operational portfolio of more than 4 GW of different generation technologies. Schneider Electric, a leading global advisor on corporate renewable energy procurement, supported Equinix in project selection and contract negotiations.
