Equinix and PGIM Real Estate Open Sydney’s First xScale™ Data Center for Hyperscalers – InsuranceNewsNet
With the closing of the joint venture in
As the first of two data centers to be developed and operated under the joint venture with
By expanding to
Highlights/Highlights:

- SY9x is located in Rosehill, next to the Western Sydney CBD in Parramatta. The second xScale facility, which will be called SY10x, will provide over 28 MW of electrical capacity when built. At full construction, the two xScale facilities will provide a combined electrical capacity of over 55 MW.
- In
Asia Pacific ,equinix also created joint ventures to build xScale data centers inSeoul ,Osaka andTokyo . Includingsydney ,equinix plans to build ten xScale data centers in the region, providing around 240 MW of power capacity when complete. equinix is a leader in data center sustainability and greening its customers’ supply chains. It is the first data center operator to commit to achieving climate neutrality by 2030 globally, backed by science-based targets and a sustainable innovation agenda.- The company’s long-term goal of using 100% clean, renewable energy for its global platform has resulted in a significant increase in renewable energy coverage globally. In 2021,
equinix achieved over 95% renewable energy coverage for its global portfolio. - In
Australia ,equinix with HSBC Bank, Nike Australia, Goldman Sachs and Hennes & Mauritz (H&M), received approval from theAustralian Competition and Consumer Commission (ACCC) for the joint purchase of renewable energy. PGIM Real Estate holds an 80% stake in the Australian joint venture, withequinix holding the remaining 20%.equinix will be responsible for operating the hyperscale data centers.
Quotation
Morgan Laughlin Global Head of Data Center Investments,PGIM Real Estate :
“Since 2013,PGIM Real Estate has invested in the dynamic and growing data center industry and we are now excited to open our first hyperscale data center inAustralia in partnership withequinix .PGIM Real Estate plans to continue to increase its investments around the world digital infrastructure sector, and we consider our co-investment relationship withequinix as an extremely important part of this strategic effort. In agreement withPGIM Real Estate a strong commitment to sustainable building practices and the reduction of global carbon emissions, we are looking for opportunities to both use renewable energy on our assets while increasing our investments in the renewable energy sector in parallel with the growing focus on data centers. »Guy Danskine General director,Equinix Australia :
“To meet the growing demand for cloud and digital infrastructure, the opening of our first xScale data center inAustralia Along with the continued expansion of our International Business Exchange data center capacity across the country, we are ensuring that more and more organizations can implement their digital-first strategies. This infrastructure enables our customers to scale their operations, deliver exceptional customer experiences, and unlock the value of artificial intelligence, machine learning, 5G, and other emerging technologies.“
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As one of the largest property managers in the world with
1 From
2 Includes loans inherited through PGIM’s parent company,
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Forward-looking statements
This press release contains forward-looking statements that involve risks and uncertainties. Actual results may differ materially from the expectations described in these forward-looking statements. Factors that could cause such differences include, but are not limited to, risks relating to our joint venture with
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