Renewable energy company Sonnedix has just signed a major 10-year solar power purchase agreement (PPA) with digital infrastructure provider Equinix. This marks Sonnedix's biggest deal to date in Europe, and it covers three solar plants in Cuenca, Castilla-La Mancha, totaling 150MW of capacity. The deal will help both companies reach their sustainability goals.
The solar plants are set to be operational by the end of 2024, and during the 10-year PPA term, they are expected to generate 240,000MWh of green electricity and Guarantees of Origin every year.
Axel Thiemann, CEO of Sonnedix, expressed his excitement about the partnership, stating, “We are very fortunate to work with Equinix as we continue to expand sustainably in Spain, where we have over 800MW of operating capacity. This transaction contributes to our accelerating conversion journey at Sonnedix, demonstrating we can operate at scale and build the relationships that allow us to do so consistently.”
See also: Equinix Achieves 96% Renewable Energy Coverage in 2022 Sustainability Report
This partnership is an important milestone for both companies, as Equinix is aiming to become carbon neutral by 2030, and Sonnedix is committed to helping Spain attain its renewable energy targets. With a total capacity of over 9.4GW around the world, including a development pipeline of more than 6GW, with 1.32GW in Spain alone, Sonnedix has been a driving force in the renewable energy sector for over a decade.
On this transaction, Sonnedix was advised by Watson Farley Williams as legal advisor.
As Equinix continues to expand its data centre network across the globe, the company is also dedicated to implementing sustainable solutions. With more than 240 data centres across 32 countries, Equinix is taking important steps towards reducing its carbon footprint and contributing to a cleaner, greener future. As Equinix CEO Charles Meyers said, “We believe in using our platform to drive positive, sustainable change in our industry and beyond.”
