Equinix: Equinix becomes one of U.S largest green bond issuers

Dec 28, 2023 | Posted by Abdul-Rahman Oladimeji

Equinix is now one of the top ten largest green bond issuers in the United States after allocating $4.9 billion in green bonds to building and efficiency projects. These bonds will fund 172 green building projects on 105 sites, along with 33 energy efficiency projects.

Equinix first issued green bonds in 2020 and by 2022, the company announced that it had issues $1.2 billion of green bonds. The company has a Green Finance Framework and has made two Power Purchase Agreements (PPAs), adding up to 225MW of renewable energy, expected to mitigate 383,300 metric tons of CO2e per year.

Equinix has also used green bonds to fit its MU4 IBX data center in Aschheim, Germany, with hybrid cooling technologies and sustainable energy storage systems. Katrina Rymill, SVP of corporate finance & sustainability at Equinix, said, “Equinix considers green bonds a valuable tool to raise capital and finance large projects that can increase the sustainability of our business.”