Data center firm Equinix has secured new sustainable financing to fuel green projects in Singapore.

The colo firm this week announced the issuance of S$650 million (US$505.3m) in green bonds in Singapore.

Equinix said it would use the proceeds to “further advance the company's longstanding commitment to sustainability leadership and reducing its environmental impact globally.”

These will induce green buildings, renewable energy, energy efficiency initiatives, resource conservation, decarbonization solutions, and climate change adaptation.

The latest financing builds on the company’s debut S$500 million (US$388m) Singapore green bond offering in March 2025. Equinix has issued a total of approximately US$9.5 billion of green bonds globally.

The 2.90 percent senior notes are due 2032; Equinix's allocation strategy includes expenditures up to two years before the issuance of the green bonds and three years following the issuance.

DBS Bank Ltd., HSBC, OCBC, and Standard Chartered Bank served as Joint Global Coordinators and Joint Lead Managers, and Bookrunners. DBS Bank Ltd. served as the sole Green Bond Structuring Agent.

Equinix has five of its International Business Exchange (IBX) data centers in Singapore, and broke ground on a sixth, a 20MW facility, in November 2024 that is due live in Q1 2027. The city-state has been under a data center moratorium since 2019, but rules are now relaxing, and Equinix was one of four companies given access to power in 2023, enabling its latest development.

The company has previously signed two renewable power purchase agreements in Singapore totaling 133.5MWp.