Equinix: Equinix signs wind PPA with Neoen

Jul 26, 2022 | Posted by MadalineDunn

Equinix has announced that it has signed a second PPA with Neoen in Finland in a 10-year deal. The deal will see Neoen (which owns an 80% stake in the project) and project developer Prokon (owning 20%) provide at least 42MW of wind capacity from the 53MW Lumivaara wind park which is currently under development and scheduled to have construction commence at the beginning of 2023, with commissioning to begin in 2025. 

Speaking about this renewable energy deal and why the colo giant decided to target Finland, Sami Holopainen, Managing Director, Finland at Equinix, said: “Finland is fast becoming a world leader in environmental sustainability, and at Equinix we are proud to play a significant role in that story. I’m delighted to sign our second PPA with Neoen and Prokon, quickly following the agreement we executed in December last year to take more than 30 MW from their Björkliden wind farm.”

Holopainen added that by bringing its total renewables purchasing to “over 75 MW in Finland,” Equinix is “leading the way in its support of the renewables industry” and “reaffirming its commitment to more sustainable power generation” to help it take “another significant step towards accomplishing [its] pledge to become climate neutral globally by 2030.”

Jerri Loikkanen, Managing Director of Neoen Finland, said: “We would like to thank Equinix for their continued trust. We now have eight PPAs in Finland, two of which are with Equinix, and this highlights our significant role in working towards carbon neutrality in the country. While energy independence has never been more topical in Finland, we take pride in our contribution to Finnish autonomy made by our wind farms across the country.”