Equinix Prices Green Bond - Smart Energy Decisions

Energy Efficiency, GHG Emissions, Finance, Sourcing Renewables  -  April 11, 2022

Equinix Prices Green Bond

Equinix, Inc., announced details of its fourth green bond, which will be used for the company's commitment to sustainability leadership and reducing its environmental impact. With this latest offer, Equinix will have approximately $4.9 billion of green bonds issued, making it the fourth-largest global issuer in the investment grade green bond market.

The digital infrastructure company announced that it priced the $1.2 billion principal amount of 3.90% senior green notes due 2032 in its fourth green bond offering. 

Equinix intends to allocate an amount equal to the net proceeds from the green bonds to finance or refinance, in whole or in part, recently completed or future Eligible Green Projects such as green buildings, renewable energy, energy efficiency, sustainable water, and wastewater management, waste management and clean transportation.

"We are proud that Equinix is now the fourth-largest issuer of green bonds globally,” said Keith Taylor, Chief Financial Officer of Equinix, said in a statement. “With the capital generated from this financing, we will continue to strengthen our longstanding environmental commitments while aligning our sustainability strategy with our capital needs." 

In 2022, the company launched its Equinix's Co-Innovation Facility (CIF) in Ashburn, Virginia, which provides a platform for trialing and showcasing advanced power, cooling, and control methodologies, such as fuel cells and liquid cooling for use in its future data centers.

In February, Equinix opened a new IBX data center—MU4—located in Aschheim near Munich, Germany and the next construction phase will be the installation of an Aquifer Thermal Energy Storage (ATES) system which enables thermal energy to be stored and recovered and will help further optimize cooling efficiency, reducing the site's overall carbon footprint. The data center is powered by 100% renewable energy—purchased through a green power certificate from local supplier, Mainova. 

 

 


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