Equinix, a leading global digital infrastructure company, has issued S$500 million (US$375 million) in green bonds to fund improvements in the efficiency of its data centers in Singapore. This marks the first foray into the Singapore dollar market by a U.S. corporate issuer in five years.
Equinix intends to utilize the proceeds from this bond issuance to "advance its long-standing commitment to sustainability and further enhance the operational efficiency of its portfolio." The bonds, maturing in 2030, bring Equinix's total global green bond issuances to $7.3 billion.
"As the adoption of AI accelerates, it is increasingly important to improve the energy efficiency of data centers and incorporate the latest sustainability innovations," said Yee May Leong, Managing Director of Equinix Singapore. "Our inaugural green bond issuance in Singapore underscores our commitment to designing and building energy-efficient infrastructure and reducing our carbon footprint."
She added, "Equinix has been a strong supporter of Singapore's National AI Strategy and Green Plan 2030, and this milestone reinforces our dedication to advancing the nation's AI vision through a vibrant AI marketplace in a responsible and sustainable manner."
The funds raised from the bond issuance will be invested in projects such as green building developments, renewable energy innovations, advanced energy efficiency, resource conservation, and cutting-edge decarbonization solutions.
Equinix operates five International Business Exchange (IBX) data centers in Singapore and broke ground on a sixth 20MW facility in November 2024. Although Singapore had restricted new data center construction since 2019, it recently eased regulations, allowing Equinix to be one of four companies granted power capacity in 2023, enabling its latest development.
This Singapore green bond issuance follows Equinix's €1.15 billion ($1.2 billion) green bond issuance in December 2024 for its European operations, further expanding its global green bond portfolio.
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