Equinix Issues S$500 Million Green Bonds in Singapore to Drive Sustainability and AI-Efficient Infrastructure
Equinix, Inc. (Nasdaq: EQIX), the world’s leading digital infrastructure company, has announced the issuance of S$500 million in green bonds in its inaugural offering in the Singaporean market. This landmark transaction marks the first time a U.S. corporate entity has accessed the Singapore dollar market in over five years, underscoring Equinix’s commitment to sustainability and its role in advancing energy-efficient digital infrastructure globally.
The proceeds from the green bonds will be allocated to further Equinix’s longstanding dedication to sustainability, enhancing the operational efficiency of its data centers, and supporting projects that align with its global Future First sustainability strategy. These efforts are critical as artificial intelligence (AI) adoption accelerates, driving unprecedented demand for energy-efficient and sustainable digital infrastructure.
A Milestone in Sustainable Financing
Equinix issued S$500 million 3.50% senior notes due 2030, with the offering closing on March 13, 2025. This issuance brings Equinix’s total global green bond issuances to approximately US$7.3 billion, reinforcing its leadership in sustainable financing within the technology sector.
“As AI adoption accelerates, advancing energy efficiency and integrating the latest sustainability innovations at our data centers becomes increasingly critical,” said Yee May Leong, Managing Director, Singapore, Equinix. “The issuance of our inaugural green bonds in Singapore underscores our commitment to designing and building energy-efficient infrastructure and reducing our 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.”
Financing Eligible Green Projects
Equinix plans to allocate an amount equal to the net proceeds from the green bonds to finance or refinance recently completed or future Eligible Green Projects. These projects span a wide range of impactful categories, including:
- Green Building Development: Constructing facilities with advanced sustainable designs.
- Renewable Energy Innovations: Expanding the use of renewable energy sources across Equinix’s global portfolio.
- Energy Efficiency Initiatives: Implementing cutting-edge technologies to reduce power consumption.
- Resource Conservation: Enhancing water and waste management practices.
- Decarbonization Solutions: Driving greenhouse gas emissions reductions and increasing transparency.
Equinix’s allocation strategy includes covering project expenditures incurred up to two years before the issuance of the green bonds and three years following the issuance. These initiatives form the backbone of the company’s mission to protect the environment, address global climate change, and drive corporate accountability.
Sustainability Leadership in Action
Equinix’s commitment to sustainability is evident in its innovative data center designs and operational practices. For example, its SG5 facility in Singapore incorporates groundbreaking sustainable features, such as:
- A low design average annual Power Usage Effectiveness (PUE) of 1.32 for the Asia-Pacific region, reflecting exceptional energy efficiency.
- The use of Singapore’s National Water Agency NEWater, ultra-clean high-grade reclaimed water, for sustainable cooling.
- Achieving the prestigious BCA-IMDA Green Mark Platinum certification, recognizing its leadership in green building practices.
Globally, Equinix continues to invest in new and innovative technologies in energy efficiency, renewable energy, and heat export projects. These efforts are part of its Future First sustainability strategy, which focuses on areas with the greatest impact on customers and key stakeholders.
Equinix’s sustainability leadership has been recognized by prestigious organizations. In 2024, the company achieved the highest ranking on the CDP’s Climate Change A List for the third consecutive year, highlighting its excellence in climate performance and transparency.
Supporting Quotes from Industry Leaders
The success of Equinix’s green bond issuance was made possible through collaboration with leading financial institutions.
Clifford Lee, Global Head of Investment Banking at DBS Bank, stated:
“DBS is pleased to have supported Equinix in its debut issuance in Singapore’s bond market. With demand for digital services like e-commerce and artificial intelligence expected to surge in the coming years, developing innovative and efficient data centers will be integral to enabling a sustainable future. As the first green bond by a foreign non-financial corporate issuer in Singapore, this issuance underscores the vital role capital markets play in advancing a greener digital economy, as well as Singapore’s growing capabilities as a regional sustainable financing hub.”
Maria-Lisa Farmakidis, Executive Director of North America Debt Capital Markets at Standard Chartered, added:
“By leveraging our deep investor connectivity in Asia, we were thrilled to support Equinix in achieving this milestone transaction. This successful debut offering not only establishes Equinix’s presence in the Singapore dollar bond market but also paves the way for future issuances.”
A Commitment to a Greener Future
Equinix’s issuance of green bonds in Singapore demonstrates its proactive approach to addressing the environmental challenges posed by rapid digital transformation. By investing in Eligible Green Projects, Equinix aims to reduce greenhouse gas emissions, increase resource efficiency, and promote corporate transparency and accountability.
This milestone also highlights Singapore’s emergence as a regional hub for sustainable financing, attracting global companies committed to driving positive environmental impact. Equinix’s leadership in sustainable digital infrastructure positions it as a key enabler of Singapore’s National AI Strategy and Green Plan 2030, ensuring that technological advancements align with environmental stewardship.
