Local renewable energy portfolio reaches 215MWp, helping power Singapore's growing AI and digital economy while advancing national sustainability ambitions
SINGAPORE, August 18, 2026 – Equinix, Inc. (Nasdaq: EQIX), the world’s digital infrastructure company®, announced its latest renewable energy Power Purchase Agreement (PPA) in Singapore, with Flo Energy Singapore (Flo) as the counterparty. This agreement, the fourth such agreement in the past two years, reinforces Equinix’s long-term commitment to supporting Singapore’s Green Plan 2030.
The new solar PPA with Flo, Singapore's largest independent electricity provider, is expected to deliver at least 11.5 Megawatt peak (MWp) of renewable energy capacity generated from industrial and commercial rooftop solar installations across the country. The agreement also includes an option for Equinix to expand the capacity to up to 50MWp over time, supporting the company's growing energy needs and long-term sustainability ambitions.
With this latest agreement, Equinix will expand its local renewable energy portfolio in Singapore to a cumulative 215MWp by 2028, reinforcing its position as one of the leading colocation off-takers in the nation.[1] Collectively, these agreements are expected to generate about 250,000 MWh of electricity per year, which is equivalent to the annual charging energy for roughly 60,000 electric vehicles (EVs) in Singapore.
"Singapore’s position as a trusted global AI and Digital Hub will be underpinned by digital infrastructure that is resilient, sustainable and built for the future," said Yee May Leong, Managing Director, Singapore, Equinix. "Our fourth PPA is a significant milestone that reflects the power of collaboration across Singapore's public and private sectors. As demand for digital infrastructure continues to accelerate, Equinix remains committed to supporting Singapore's position as a global digital hub while advancing the nation's sustainability goals."
The agreement with Flo broadens Equinix's renewable energy sourcing strategy in Singapore by expanding participation from private-sector renewable energy providers. It complements Equinix's existing renewable energy agreements and participation in national initiatives, including SolarNova 7 and JTC Jurong Island, creating a more diversified and resilient pathway to renewable energy coverage in a land and resource-constrained market.
Soon Chen Kang, Senior Research Analyst, 451 Research, S&P Global Market Intelligence, said: "Singapore's data center sector is entering a new phase in which energy availability and sustainability considerations are becoming increasingly strategic. Equinix's latest agreement highlights how operators are diversifying their renewable energy sourcing models and collaborating with a wider ecosystem of partners. In a market shaped by land and grid constraints, multi-stakeholder approaches will play a critical role in supporting the continued growth and decarbonization of digital infrastructure."
Flo’s Chief Executive Officer Matthijs Guichelaar said: "With Singapore’s limited space, we need to think differently about how we make renewable energy more accessible for businesses with renewable aspirations. By bringing together generation from commercial and industrial rooftop solar projects across Singapore, this agreement demonstrates how we can help businesses support renewable energy at scale through our Data Centre Solutions, even in a land-constrained market."
Equinix is the first customer secured under Flo's newly launched Data Centre Solutions, which is also available to data center operators in Australia through Flo's local business. Flo's Data Centre Solutions helps operators manage electricity costs and renewable energy procurement through a suite of tailored products, including fixed-price contracts, progressive purchasing, structured derivatives, Renewable Energy Certificate (REC) matching and PPAs. The offering was developed to meet the growing demand from data center operators for flexible renewable energy procurement solutions across the region.
Beyond renewable energy procurement, Equinix continues to invest in initiatives that strengthen Singapore's long-term energy resilience and innovation ecosystem. The company recently announced a multi-year funding program of more than S$9 million to support research into alternative clean energy sources, including geothermal energy and small modular reactors (SMRs). Equinix has also contributed S$450,000 to Singapore Management University's ResWORK program and announced plans with National University of Singapore (NUS) to establish a Co-Innovation Facility (CIF) in an upcoming Equinix International Business Exchange® (IBX®), SG6. The CIF will focus on accelerating the development of next-generation sustainability and energy technologies for data centers, including fuel cells, battery energy storage, liquid cooling and digital twin capabilities.
Including this PPA, Equinix has more than 1,490 MW of wind and solar PPAs under contract across 11 countries, including Australia, India, Japan and Singapore. Together, these initiatives support Equinix's broader commitment to scaling renewable energy coverage across its global platform and enabling a more sustainable digital future.
Additional Resources
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 Flo Energy Singapore
Flo Energy Singapore is the country's fastest-growing and largest independent electricity retailer on a mission to switch as many people as possible to affordable, renewable solutions. Part of Flo Holding, Flo expanded its reach in 2024 with the launch of Flo Energy Australia. Flo’s robust in-house tech infrastructure allows Flo to keep costs down and share the savings with customers, while Flo’s local support team provides a seamless customer experience. Beyond supplying renewable energy solutions, the company also helps businesses harness solar energy and optimise their operations with smart energy management and metering solutions.
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
Media Contact (Singapore)
TEAM LEWIS
Sarah Mustaffa
+65 9665 5742
EquinixSG@teamlewis.com
1 451 Research by S&P Global
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