Data center developer Equinix has signed its first power purchase agreement (PPA) in India with CleanMax.
Under the terms of the PPA, the companies will partner to construct a 33MW captive renewable power plant in Maharashtra.
The plant comprises 26.4MW of solar power and 6.6MW of onshore wind. It is expected to reach operational status in 2025.
Manoj Paul, managing director for India at Equinix, said: “This PPA strengthens our commitment to sustainability and enables us to provide our customers in India with 100 percent renewable energy coverage for their deployments at Equinix."
The plant's capacity will match the energy demand of Equnix’s data center portfolio in Mumbai.
CleanMax has a portfolio of more than 2GW of operational renewable assets across the Asian market.
Commenting on the PPA, its managing director Kuldeep Jain stated: “This partnership signifies a milestone step towards transforming the energy landscape for digital infrastructure. The landmark initiative will illustrate how corporates can support their growth ambitions while simultaneously nurturing sustainable operations.”
Equinix entered the Indian market through the acquisition of GPX Global Systems. First announced in August 2020 and closed in September 2021, the deal saw the colo giant pick up two data centers in Mumbai for $161 million.
Since dubbed Equinix MB1 and MB2, the two facilities total more than 90,000 sq ft (8,200 sqm) of colocation space and an initial 1,350 cabinets, with an additional 500 cabinets to be built out. The company is also developing its $86m MB3 data center in Mumbai, announced in June 2022.
In August 2023, it announced an investment of $42 million into its fourth data center in the city. Dubbed MB4, it is located in the Kalwa Industrial Area, around 15km from the company's two other IBX data centers in Mumbai.
