Colocation specialist Equinix, Inc. has yesterday signed a 20-year Power Purchase Agreement (PPA) with ASSETCO to secure 10 MWp of renewable energy through rooftop solar deployments in Singapore. ASSETCO (ESR-TEPCO SINGAPORE ASSETCO ALPHA PTE. LTD.) is a special purpose vehicle established by ESR and Tokyo Electric Power Company Holdings, Inc. (TEPCO HD) — a partnership between one of Asia-Pacific’s largest real asset managers and Japan’s leading power utility.
Scheduled to commence in 2026, this deal will deliver renewable energy from the solar capacity of locally sourced rooftops – from both private commercial and industrial buildings nationwide. This is Equinix’s third PPA in Singapore, according to the company’s press release.
The agreement also includes a strategic option to scale capacity over time, enabling deeper integration of rooftop solar across Singapore’s commercial and industrial sectors.
Since 2024, Equinix has signed three new PPAs, contributing potentially to a total of 143.5 MWp of renewable energy. Once this solar capacity becomes operational, the annual equivalent of avoided carbon dioxide emissions will be about 55,000 metric tons, supporting the company’s climate goals while contributing to Singapore’s Green Plan 2030.
Yee May Leong, Managing Director, Singapore, Equinix, said, “Digital infrastructure powers Singapore’s economic growth, and Equinix is proud to grow alongside the nation—guided by shared values of sustainability, innovation, and resilience. Our PPA with ESR and TEPCO HD reflects our commitment to clean energy and collective action, supporting Singapore’s Green Plan 2030 and a greener future for all.”