Sembcorp signs another power agreement with data centre operator Equinix
Sembcorp and Equinix had signed a similar agreement in April
Sembcorp Industries has signed another long-term renewable energy power purchase agreement (PPA) with leading data centre operator Equinix.
Under terms of this deal, Sembcorp will for 15 years supply up to 58.5MWp from its renewable energy portfolio in Singapore, starting in 2029.
The PPA adds to an earlier renewable energy agreement signed with Equinix on April 29, for a supply of a maximum capacity of 75MWp.
This brings the total contracted renewable energy capacity with Equinix to 133.5MWp.
"The increase in capacity strengthens the strategic partnership between Sembcorp and Equinix, underscoring both companies’ commitment to accelerating the transition to a low-carbon future," says Sembcorp.
Sembcorp says it is now the largest solar energy provider in Singapore, with a portfolio of 771MWp, contributing to over half of Singapore’s 2025 solar energy target.
Sembcorp shares closed at $5.28 on Dec 2, up 1.15%.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.
Most Discussed
- 1
- 2
- 3
- 4
- 5
- 6
- 7
- 8
- 9
- 10