Equinix Ramps Up xScale Data Center Portfolio
June 14, 2021
inked agreements for additional joint ventures in the form of limited liability
partnerships with GIC, Singapore's sovereign wealth fund, which when closed and
built out will bring the xScale data center portfolio to greater than $6.9
billion across 32 facilities globally.
xScale data centers add to Equinix's global platform of more than 220
International Business Exchange™ (IBX®) data centers by serving the unique core
workload deployment needs of a targeted group of hyperscale companies, including
the world's largest cloud service providers.
After deal closing and buildout, the xScale data center portfolio will span
Europe: Dublin (three xScale data centers), Frankfurt (five xScale data
centers), Helsinki (one xScale data center), London (two xScale data centers),
Madrid (two xScale data centers), Milan (one xScale data center), Paris (four
xScale data centers) and Warsaw (one xScale data center)
Asia-Pacific: Osaka (three xScale data centers) and Tokyo (three xScale data
Americas: Mexico City (one xScale data center) and São Paulo (three xScale data
Three additional sites are expected to be announced at a future date
Said Charles Meyers, CEO of Equinix: "For years, the world's largest cloud
service providers, including Alibaba Cloud, Amazon Web Services, Google Cloud,
IBM Cloud, Microsoft Azure and Oracle Cloud Infrastructure, have partnered with
Equinix to leverage its global platform of more than 220 data centers to
directly connect to their strategic business partners and customers. With our
xScale program, these hyperscalers can continue to grow at Equinix while in
close proximity to an ecosystem of 10,000 customers. The joint venture
arrangement of xScale enables these large deployments to be structured in an
off-balance sheet model that aims to preserve capital for investment in our
traditional retail data center and digital infrastructure business and maintain
our strategic and financial flexibility."
is expected that the xScale portfolio of 32 facilities will provide more than
600 megawatts (MW) of power capacity when fully built out.
With xScale data centers, hyperscale companies can add core deployments to their
existing access point footprints at Equinix, enabling their growth on a single
platform that can immediately span 63 global metros and offer direct
interconnection—within a vibrant set of ecosystems—to their customers and
strategic business partners.
Platform Equinix® features more than 40% of the private on-ramps to the top
global cloud service providers – more than any other provider. As hyperscale
companies scale their operations at Equinix, the ecosystem of nearly 10,000
enterprises and other companies currently operating at Equinix benefit from
increased opportunities to directly connect and operate in proximity to the
largest global cloud operators.
Equinix is a leader in data center sustainability and is greening the supply
chains of its customers. Equinix's long-term goal of using 100% clean and
renewable energy for its global platform has resulted in significant increases
in renewable energy coverage globally. Equinix has continued to make
advancements in the way it designs, builds and operates its data centers with
high energy-efficiency standards, and all xScale data centers will be LEED
certified (or regional equivalent certification).
The JV projects in today's announcement are expected to close in several waves
over the course of 2021, pending regulatory approval and other closing
Under the terms of the JV agreements, GIC will own an 80% equity interest in the
future joint ventures and Equinix will own the remaining 20% equity interest.