The PPA will support Equinix’s ability to maintain 100 percent renewable coverage for its International Business Exchange (IBX) data centres in Italy, while increasing its backing of renewable power projects. It is the first PPA signed between Neoen and Equinix in Italy and the fifth one in Europe over the past three years. These five PPAs represent a total contracted capacity of 210MW across Finland, Sweden and now Italy, testifying to the strong relationship between the two companies and their continued collaboration in various regions.
The solar projects will contribute to Italy’s Integrated National Plan for Energy and Climate Change targets by 2030. Once operational, these projects are expected to generate more than 3,200,000 MWh of clean energy, equivalent to the amount of energy needed to power more than 850,000 European households for a year.
This PPA brings Neoen’s total contracted capacity under corporate PPAs worldwide to over 2.8 GW and Equinix’s global capacity under long term renewable energy contracts to around 1.2 GW.
Equinix has signed 24 Power Purchase Agreements in total to date across Australia, Singapore, India, France, Iberia, Italy, the Nordics and the US, including 15 PPAs signed in 2023 alone.
With teams based in Brescia, Modena and Rome, Neoen has ambitions to become a major player in Italy and a significant contributor to the development of renewable energy in the country and is currently developing numerous solar and storage projects.
“We are very pleased to sign our first PPA in Italy, less than 36 months after our establishment in the country and less than 10 months after launching the construction of our first assets in the country” said Andrea Massimo Bartolini, Neoen Italy’s Director and Head of Business Development. “This agreement demonstrates Neoen’s ability to provide reliable, long-term and competitive renewable energy to our local clients. We are very proud to play our part in building a more competitive and sovereign Italy.”
For additional information:
