Sify Technologies, a leading provider of information technology services and solutions, announced last week that it has entered into power purchase agreements (PPAs) with Vibrant Energy Holdings for the purchase of 231 megawatts (MW) of solar and wind energy capacity to power Sify’s latest hyperscale data centers.
Vibrant Energy, headquartered in Hyderabad, is a majority-owned subsidiary of Blueleaf Energy, a portfolio business of Macquarie’s Green Investment Group in Sydney. The 231 MW renewable energy capacity would be created at a cost of Rs. 1,250 crore, financed in a 2:1 ratio by loan and equity.
Sify Technologies will have a 26 percent ownership part in the project via a captive power purchase agreement, while Vibrant Energy will be responsible for the facility’s design, construction, and management.
The 231 MW capacity will be used to power one of the company’s three data centres in Mumbai, one of which just commissioned a 67MW solar PPA signed in March 2021.
Depending on state legal systems and the advantages associated with such a transformation, Sify Technologies may consider integrating renewable energy into its new data centres in Mumbai, Noida, Chennai, Hyderabad, and Bengaluru from the start.
According to predictions, the green data center industry would get an extra $76 billion in investment over the next five years, with India being one of the fastest growing markets in the area.
This is a PR Agency News Feed; edited by Clean-Future Team