Equinix: Equinix secures a cheaper, green future

Aug 18, 2021 | Posted by MadalineDunn

The Australian Competition and Consumer Commission (ACCC) recently granted a group of businesses led by Equinix the right to form a renewable energy purchasing group. This formation will allow the group, which includes Nike, H&M, HSBC Bank, and Goldman Sachs, to negotiate access to cheaper renewable energy deals jointly.

This authorisation will last until 30 September 2045 and will enable Equinix and the other businesses the ability to pursue their sustainability goals more rigorously. For Equinix, this means becoming climate neutral globally by 2030.

Speaking to ZDNet about the benefits this will have for Equinix; its Australia managing director Guy Danskine said: "It provides several public benefits, including transaction cost savings, and promoting increased competition for the supply of energy and environmental benefits." 

He added: "Importantly, each of the organisations is a commercial consumer of electricity that is active in different segments of the economy. In addition, each applicant has long term sustainability goals, including the use of 100% renewable power for electricity needs and wish to maximise our impacts on the environment across our diverse industries."

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