Sonnedix and Equinix sign second 10-year PPA for renewable energy

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5 December, 2023
  • Marks Sonnedix’s first PPA in Portugal after entering the market with a 262MW solar PV portfolio acquisition in 2022
  • Demonstrates Equinix’s focus on long term partnerships with renewable energy developers

LISBON, Portugal – Sonnedix, the global renewable energy producer, and Equinix, Inc. (Nasdaq: EQIX), the world’s digital infrastructure company™, are pleased to announce the signing of a new 10 year pay-as-produced power purchase agreement (PPA) in Portugal.

Equinix will secure renewable electricity from July 2025 supplied by Sonnedix’s first Portuguese solar PV project, 149MW Sonnedix Douro. The project, located in the municipality of Tarouca, Viseu district in northern Portugal, is Sonnedix’s largest solar PV project in Europe. When operational, the solar PV plant will produce renewable electricity to power 78,000 Portuguese homes and avoid over 33,000 tonnes of CO2 emissions per year.

Earlier this year, Sonnedix and Equinix signed a 10-year solar pay-as-produced PPA in Spain, which represents Sonnedix’s largest PPA to date in Europe. This second successful PPA demonstrates the two companies’ growing relationship and mutual commitment to accelerating the energy transition, alongside a commitment to fostering long-term partnerships to shorten contracting timelines and reduce costs.

Tailored, cost-effective PPAs are a cornerstone of Sonnedix’s strategy, built on matching the evolving needs of customers and enabling them to meet their renewable energy targets, while protecting them from volatile energy costs. At the same time, PPAs are a highly impactful way for Equinix to purchase renewable energy at scale, acting as a catalyst for the growth and development of new environmentally friendly power sources in Portugal.

Equinix was supported on the transaction by Schneider Electric and Holland & Knight.

Axel Thiemann, CEO of Sonnedix, commented: “We are very pleased to be extending our relationship with Equinix across Iberia. This agreement, our first PPA in Portugal, establishes our commercial presence in an important growth market as we continue to expand and convert our pipeline of projects.”

Carlos Paulino, Equinix Managing Director in Portugal, said: “This deal reinforces Portugal’s position in the EMEA renewable energy market and demonstrates Equinix’s commitment to sustainability, not just in in Portugal but across the world. Equinix was the first in the data center in the industry to commit to becoming climate neutral by 2030, aligned to science-based targets, and we plan to continue seeking opportunities such as this new solar PPA and other innovations to support renewable power generation.”

Equinix continues to evolve its power procurement portfolio to increase the quality of its renewable energy purchases. In addition to scaling its impact through renewable PPAs, the company continues to evaluate on-site solar opportunities, on-site generation from fuel cells, and other distributed low-carbon technology that fits with the company’s overall sustainability strategy.

Sonnedix has a total capacity of over 10GW around the world, including a development pipeline of more than 6GW.

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Additional resources:

About Sonnedix

Sonnedix is a global renewable energy producer with over a decade-long trajectory of sustainable growth. Sonnedix develops, builds, and operates renewable energy projects for the long-term, with a focus on providing green, affordable electricity to our customers, and acting as a true social citizen there where it operates.

Sonnedix currently has a total controlled capacity of over 10GW, including a development pipeline of more than 6GW, across Chile, France, Germany, Italy, Japan, Poland, Portugal, Spain, USA, and UK. The company continues to expand its global footprint across OECD countries, through acquisitions and development of renewable energy projects.

For more information, please visit www.sonnedix.com.

About Equinix

Equinix (Nasdaq: EQIX) is the world’s digital infrastructure company™. Digital leaders harness Equinix’s trusted platform to bring together and interconnect foundational infrastructure at software speed. Equinix enables organizations to access all the right places, partners and possibilities to scale with agility, speed the launch of digital services, deliver world-class experiences and multiply their value, while supporting their sustainability goals.

Key facts:
  • Equinix began its PPA program in 2015 with the signing of two wind PPAs for 225 MW in Texas and Oklahoma that have been operational since 2016.
  • In February 2023, Equinix significantly increased its backing of renewable power projects with the addition of six new long-term Power Purchase Agreements in Spain totalling 346 megawatts.
  • In November 2023, Equinix signed a virtual Power Purchase Agreement with Neoen in Sweden, that will add 15 MW of new wind generation capacity to the local grid.
  • Equinix was the first colocation data center operator to commit to a to optimize energy use across its global footprint of 250 data centres by “adjusting the thermostat” to reduce the amount of cooling provisioned within its buildings.
  • Equinix was the first in the data center industry to to becoming climate neutral by 2030, aligned to science-based target. It is also a founding signatory of the EU Neutral Data Centre Operator Pact, steering the development of sustainability requirements for the EU data center industry.

Contacts

Sonnedix: sonnedix@fticonsulting.com

Equinix

Media contacts

press@equinix.com

Tom Farthing (EMEA)

Thomas.Farthing@eu.equinix.com

Luís Mateus (agência)
luis.mateus@outlook.pt

+351 917 625 073

Investor relations

invest@equinix.com

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