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Sonnedix and Equinix Sign Second 10-Year PPA for Renewable Energy

Published on 6 Dec 2023
Sonnedix 
Sonnedix are pleased to announce the signing of a new 10 year pay-as-produced power purchase agreement (PPA) in Portugal.

Equinix will secure renewable electricity from July 2025 supplied by Sonnedix’s first Portuguese solar PV project, 149MW Sonnedix Douro. The project, located in the municipality of Tarouca, Viseu district in northern Portugal, is Sonnedix’s largest solar PV project in Europe. When operational, the solar PV plant will produce renewable electricity to power 78,000 Portuguese homes and avoid over 33,000 tonnes of CO2 emissions per year.

Earlier this year, Sonnedix and Equinix signed a 10-year solar pay-as-produced PPA in Spain, which represents Sonnedix’s largest PPA to date in Europe. This second successful PPA demonstrates the two companies’ growing relationship and mutual commitment to accelerating the energy transition, alongside a commitment to fostering long-term partnerships to shorten contracting timelines and reduce costs.

Tailored, cost-effective PPAs are a cornerstone of Sonnedix’s strategy, built on matching the evolving needs of customers and enabling them to meet their renewable energy targets, while protecting them from volatile energy costs. At the same time, PPAs are a highly impactful way for Equinix to purchase renewable energy at scale, acting as a catalyst for the growth and development of new environmentally friendly power sources in Portugal.

Equinix was supported on the transaction by Schneider Electric and Holland & Knight.

Axel Thiemann, CEO of Sonnedix, commented: “We are very pleased to be extending our relationship with Equinix across Iberia. This agreement, our first PPA in Portugal, establishes our commercial presence in an important growth market as we continue to expand and convert our pipeline of projects.”

Carlos Paulino, Equinix Managing Director in Portugal, said: “This deal reinforces Portugal’s position in the EMEA renewable energy market and demonstrates Equinix’s commitment to sustainability, not just in in Portugal but across the world. Equinix was the first in the data center in the industry to commit to becoming climate neutral by 2030, aligned to science-based targets, and we plan to continue seeking opportunities such as this new solar PPA and other innovations to support renewable power generation.”

Equinix continues to evolve its power procurement portfolio to increase the quality of its renewable energy purchases. In addition to scaling its impact through renewable PPAs, the company continues to evaluate on-site solar opportunities, on-site generation from fuel cells, and other distributed low-carbon technology that fits with the company’s overall sustainability strategy.

Sonnedix has a total capacity of over 10GW around the world, including a development pipeline of more than 6GW.


Source: Sonnedix
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Sonnedix (Solar System Installers): https://www.enfsolar.com/sonnedix
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