Equinix Issues $375 Million in Green Bonds

Singapore’s efforts in encouraging data centres in the city-state received a boost with Equinix, a leader in global colocation data centres, announcing that it has issued $375 million in green bonds to help fund efficiency improvements at its data centres in Singapore.

Equinix, which is headquartered in California, said that its Singapore data centres are business hubs for multiple companies and offer a broad choice of network services from many providers. The customers can tap into a dense concentration of financial services companies, cloud services, healthcare and life sciences, IT, communications, media, manufacturing and engineering industries.

The company said that it is the first US company to access the Singapore dollar market in more than five years, and will utilise the proceeds from the bond issue to advance its longstanding commitment to sustainability, and to further the operational efficiency of its portfolio.

The notes will be due in 2030 and the offering closed on March 13. With this, Equinix has now issued a total of $7.3 billion in green bonds globally. As AI adoption accelerates, advancing energy efficiency and integrating the latest sustainability innovations at Equinix’s data centres became increasingly critical.

Underscores Equinix Commitment

Yee May Leong, managing director for Singapore, Equinix, said that the issuance of their inaugural green bonds in Singapore underscored the company’s commitment to design and building energy-efficient infrastructure, and reducing its carbon footprint.

“Equinix has always been a strong proponent of Singapore’s National AI Strategy and Green Plan 2030, and this milestone reinforces our dedication to advancing the nation’s AI vision responsibly and sustainably through our vibrant AI marketplace,” Yee added.

Projects funded by the bonds include green building development and renewable energy innovations, as well as advanced energy efficiency, resource conservation, and cutting-edge decarbonisation solutions, Equinix said.

The company has five of its International Business Exchange (IBX) data centres in Singapore, and broke ground on a sixth centre with a capacity of 20 MW facility, in November 2024. The city-state has been under a data centre moratorium since 2019, but rules are now relaxing and Equinix was one of four companies given access to power in 2023, enabling its latest development.

The company last issued green bonds in December 2024, when it raised $1.2 billion for its activities in Europe.