Neoen, a global renewable energy producer, and Equinix, a digital infrastructure company, have signed a 10-year power purchase agreement (PPA) to secure 53 MW of solar energy in Italy. The agreement covers seven solar projects in Northern Italy. This agreement supports Equinix’s commitment to achieving 100% renewable energy coverage for its data centres in Milan and Genoa and contributes to Italy’s decarbonisation goals under its Integrated National Plan for Energy and Climate Change.
The portfolio-based PPA marks the first collaboration between Neoen and Equinix in Italy and their fifth in Europe in the past three years, spanning Finland, Sweden, and now Italy. These partnerships have secured a total contracted capacity of 210 MW, highlighting the growing relationship between the two companies. Globally, Neoen’s corporate PPA commitments have surpassed 2.8 GW, while Equinix has secured approximately 1.2 GW of renewable energy capacity through long-term contracts.
Equinix, which has executed 24 PPAs across markets including Australia, Singapore, India, and Europe, continues to expand its renewable energy portfolio. The projects developed under these agreements are expected to generate over 3.2 million MWh of clean energy annually, enough to power more than 850,000 European households.
Andrea Massimo Bartolini, Neoen Italy’s Director and Head of Business Development, noted, “We are very pleased to sign our first PPA in Italy, less than 36 months after our establishment in the country and less than 10 months after launching the construction of our first assets in the country. This agreement demonstrates Neoen’s ability to provide reliable, long-term and competitive renewable energy to our local clients. We are very proud to play our part in building a more competitive and sovereign Italy.”
Marco Matarazzo, Director of IBX Operations, Italy at Equinix said, “Equinix is proud to continue its global programme of sustainability initiatives with the signing of our first power purchase agreement in Italy. The backing of the development of seven new solar projects in the country actively contributes to Italy’s decarbonisation targets and aligns with our goal of achieving 100% renewable energy coverage by 2030 as well as our commitments to driving positive change and advancing sustainability in the data centre industry as a whole.”
Xavier Barbaro, Neoen’s Chairman and CEO added, “I congratulate Neoen’s team on the signing of this new contract with Equinix, whose continued trust is an honour. Our diversified geographic footprint and the rapid growth of our asset portfolio enable us to meet our clients’ increasing needs. We are committed to sustaining this strong growth in the coming years, in Italy and around the world.”
