SINGAPORE – December 4, 2025 – Equinix, Inc. (Nasdaq: EQIX), the world’s digital infrastructure company®, signed a solar energy Power Purchase Agreement (PPA) in Singapore with ESR-TEPCO SINGAPORE ASSETCO ALPHA PTE. LTD. (ASSETCO). ASSETCO is a special purpose vehicle established by ESR and Tokyo Electric Power Company Holdings, Inc. (TEPCO HD) — a partnership between one of Asia-Pacific’s leading real asset managers and Japan’s key power utility.
Equinix’s third PPA in Singapore is expected to secure over 10 MWp of renewable energy through rooftop solar deployments from private commercial and industrial buildings nationwide, further supporting the nation’s sustainability goals. The agreement also includes a strategic option to scale capacity over time, enabling deeper integration of rooftop solar across Singapore’s commercial and industrial sectors. This positions Equinix to play a leading role in accelerating the nation’s renewable energy transition and supporting Singapore’s long-term sustainability objectives.
Today’s announcement demonstrates Equinix’s ongoing efforts to integrate renewable energy into its operations while supporting clean energy deployment in the local markets where it operates. Scheduled to commence in 2026, this 20-year agreement will deliver renewable energy from the solar capacity of locally sourced rooftops.
Since 2024, Equinix has signed three new PPAs, which are projected to result in a total of 143.5 MWp of renewable energy. Once this solar capacity becomes operational, the annual equivalent of avoided carbon dioxide emissions will be approximately 55,000 metric tons, supporting the company’s climate goals while contributing to Singapore’s Green Plan 2030.
Yee May Leong, Managing Director, Singapore, Equinix, said, “Digital Infrastructure is the foundation for AI, and at Equinix, we enable this transformation by strengthening Singapore's position as and intelligent, connected hub for the region and the world. Our PPA with ESR and TEPCO HD reflects our commitment to clean energy and collective action, supporting Singapore’s Green Plan 2030 and shaping a greener, smarter future for all.”
Highlights/Key Facts:
- Established in 2023, ASSETCO is developing a rooftop solar PV corporate PPA initiative across the Asia-Pacific region, targeting the installation of 100 MWp of rooftop solar power generation capacity, primarily on logistics warehouses and data centers.
- In April 2024, Equinix signed its first long-term PPA in Singapore with Sembcorp Industries, which is expected to result in about 75 MWp of solar energy starting from January 1, 2027.
- In December 2024, Equinix signed its second long-term PPA in Singapore, securing up to 58.5 MWp of solar energy from JTC’s properties on Jurong Island, commencing in 2029.
- Including this newly signed PPA, Equinix has executed 27 PPAs globally across 11 countries, including India, Japan and Australia, bringing its total portfolio to more than 1.3 GW of new wind and solar capacity.
- In 2015, Equinix was the first in the data center industry to set a 100% clean and renewable energy coverage goal by 2030. Today, Equinix has achieved 96% renewables coverage globally.
Additional Resources
- Equinix Supports Singapore’s Green Plan by Entering a Renewable Energy PPA with Sembcorp [Press Release]
- Equinix Energizes Digital Landscape in Singapore with Additional 58.5 MWp of Solar Energy [Press Release]
About Equinix
Equinix, Inc. (Nasdaq: EQIX) shortens the path to boundless connectivity anywhere in the world. Its digital infrastructure, data center footprint and interconnected ecosystems empower innovations that enhance our work, life and planet. Equinix connects economies, countries, organizations and communities, delivering seamless digital experiences and cutting-edge AI—quickly, efficiently and everywhere.
About ESR
ESR is a leading Asia-Pacific real asset owner and manager focused on logistics real estate, data centers, and energy infrastructure that power the digital economy and supply chain for investors, customers, and communities. Through our fully integrated real asset fund management and development platform, we strive to create value and growth opportunities for our global portfolio of investors. We offer our customers modern space solutions to realize their ambitions across Australia and New Zealand, Japan, South Korea, Greater China, Southeast Asia, and India, including a presence in Europe. Our purpose, Space and Investment Solutions for a Sustainable Future, drives us to manage sustainably and impactfully for the communities we serve to thrive for generations to come. Visit www.esr.com for more information.
About TEPCO
Tokyo Electric Power Company Holdings, Inc. (TEPCO) is Japan's largest power company group and comprised of four independent business entities: TEPCO Fuel & Power, Inc., TEPCO Power Grid, Inc., TEPCO Energy Partner, Inc., and TEPCO Renewable Power, Inc. The Group generates, distributes and sells electricity and other types of energy principally in the Kanto Region, which includes Japan's two most populous urban centers, Tokyo and Yokohama. TEPCO’s 37,939 employees (TEPCO Holdings and its consolidated subsidiaries) are committed to providing safe, reliable power as well as fulfilling its responsibilities to the communities of Fukushima (as of March 31, 2022).
TEPCO Website: https://www.tepco.co.jp/en/hd/index-e.html
Forward Looking Statements
This press release contains forward-looking statements that involve risks and uncertainties. Actual results may differ materially from expectations discussed in such forward-looking statements. Factors that might cause such differences include, but are not limited to, risks to our business and operating results related to the current inflationary environment; foreign currency exchange rate fluctuations; stock price fluctuations; increased costs to procure power and the general volatility in the global energy market; the challenges of building, and operating, IBX and xScale data centers, including related to sourcing suitable power and land, and any supply chain constraints or increased costs of supplies; the challenges of developing, deploying and delivering Equinix products and solutions; unanticipated costs or difficulties relating to the integration of companies we have acquired or will acquire into Equinix; a failure to receive significant revenues from customers in recently built out or acquired data centers; failure to complete any financing arrangements contemplated from time to time; competition from existing and new competitors; the ability to generate sufficient cash flow or otherwise obtain funds to repay new or outstanding indebtedness; the loss or decline in business from our key customers; risks related to our taxation as a REIT; risks related to regulatory inquiries or litigation and other risks described from time to time in Equinix filings with the Securities and Exchange Commission. In particular, see recent and upcoming Equinix quarterly and annual reports filed with the Securities and Exchange Commission, copies of which are available upon request from Equinix. Equinix does not assume any obligation to update the forward-looking information contained in this press release.
Media Contact (Asia-Pacific)
Equinix
Annie Ho
annho@ap.equinix.com
Media Contact (Singapore)
TEAM LEWIS
Sarah Mustaffa
+65 9665 5742
equinixSG@teamlewis.com