One of the largest virtual PPAs in the Japanese data center industry contracted between a single off-taker and generator, to supply 121 MW of solar

TOKYO, Japan – February 17, 2026 – Equinix, Inc. (Nasdaq: EQIX), the world’s digital infrastructure company^®, today announced it has signed a 15-year virtual power purchase agreement (vPPA) with ENEOS Renewable Energy Corporation. This agreement will source renewable electricity from Sanda Mega Solar Power Plant, one of the largest operating solar facilities in Japan.

This milestone marks Equinix’s second PPA in Japan and represents a significant step toward improving local renewable energy coverage. As the largest vPPA signed to date in the Japanese data center sector, this initiative underscores Equinix’s proactive approach to securing high-quality renewable energy in one of the world’s most challenging markets for renewable procurement.

The 121MW capacity of Sanda Mega Solar Power Plant will play a pivotal role in fulfilling Equinix’s commitment to covering its data centers in Japan with 100% renewable energy while supporting the rapid growth of AI-ready digital infrastructure.

Kuniko Ogawa, Managing Director, Equinix Japan, said, “This landmark 15-year agreement with ENEOS Renewable Energy reflects Equinix’s proactive role in accelerating Japan’s energy transition. By securing one of the nation’s largest solar projects, we are not only enhancing the quality of our renewable energy portfolio but also providing our customers with a robust foundation to meet their evolving, sustainability, digital and AI-driven needs. We remain dedicated to fostering a resilient ecosystem that supports both our customers’ decarbonization goals and the long-term sustainability of the local power grid.”

Yasushi Onoda, President and CEO, ENEOS Renewable Energy , said, “We are truly pleased to partner with Equinix on this landmark project. Sanda Mega Solar Power Plant, which utilizes the vast terrain of a former golf course to generate 121MW of clean energy, has the largest capacity among our company’s solar power plants. This vPPA provides the long-term stability needed to foster a more sustainable future for Japan’s technology sector. We will continue to contribute to our customers’ decarbonization efforts and to achieving carbon neutrality in Japan by supplying stable and clean electricity.”

Highlights/Key Facts

• Largest Single-Unit vPPA in Japan’s Data Center Sector: This agreement stands as the largest of its kind for a data center provider in Japan, featuring a significant 121MW capacity from a single site.
• 15-Year Long-Term Commitment: The 15-year term ensures a stable, long-term supply of renewable energy, demonstrating Equinix’s dedication to regional grid additionality.
• Landmark Project Scale: Sourced from Sanda Mega Solar Power Plant in Hyogo Prefecture, the project is one of Japan’s largest utility-scale solar developments, repurposed from a former golf course while preserving the surrounding forest.
• Addressing Market Challenges: This move directly addresses the difficulties of procuring renewables in Japan (as cited by RE100), positioning Equinix as a leader in high-impact energy procurement.
• Strategic Partnership: ENEOS Renewable Energy, with its extensive track record of nearly 1 GW in solar developments across Japan, provides the scale and expertise required to support Equinix's ambitious 100% renewable energy coverage goal.

Additional Resources

• Equinix Collaborates with Leading Alternative Energy Providers to Power AI-Ready Data Center Growth—Aug. 14, 2025 [press release]
• Equinix Signs First Renewable Energy PPA in Japan, Securing 30 MW renewable energy with Trina Solar ISBU Japan [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 ENEOS Renewable Energy
ENEOS Renewable Energy Corporation (formerly Japan Renewable Energy Corporation) was established in 2012 with the mission of “Changing the World with Renewable Energy.” ERE is operating or building 130 power plants (solar, wind, and biomass) in collaboration with local communities and is planning multiple large-scale projects including offshore wind power generation. It strives to resolve environmental and social issues and achieve a decarbonized and sustainable society through its renewable energy operations.

https://www.eneos-re.com/english/

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 those 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