Equinix, Inc. Expanding Renewable Energy Supply In High-Impact Markets, Equinix Executes Clean Energy Contract In Australia
Portfolio Pulse from Benzinga Newsdesk
Equinix, Inc. (NASDAQ:EQIX) has executed a new Power Purchase Agreement (PPA) in Australia with TagEnergy for 151 megawatts of renewable energy from the Golden Plains Wind Farm – East project, expected to be online by 2029. This marks Equinix's first long-term renewable energy agreement in the Asia-Pacific region, contributing to its goal of 100% renewable energy coverage across its operations globally. Equinix has executed 21 PPAs globally, resulting in 3,000,000 MWh of renewable energy, and aims to become climate neutral by 2030.
February 07, 2024 | 1:27 pm
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Equinix, Inc. has expanded its renewable energy portfolio by signing a PPA in Australia, aiming for 100% renewable energy coverage globally by 2029.
The new PPA in Australia signifies Equinix's commitment to sustainability and renewable energy, which is likely to positively impact investor perception and potentially the stock price in the short term. This move aligns with global trends towards renewable energy and sustainability, which can enhance Equinix's reputation and operational efficiency, making it an attractive investment.
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