Sify Technologies said on Wednesday that it has entered into power purchase agreements (PPAs) with Vibrant Energy Holdings for a total 231 megawatt (MW) of solar and wind energy capacity to power its latest hyperscale data centres. Out of this, 67MW solar PPA had been signed in March 2021 and recently commissioned. Both companies would together invest about Rs 1,250 crore for the 231MW project through a special purpose vehicle, and this would be commissioned over the next few years.
“We are expanding our renewable energy footprint
for our existing data centres in Mumbai and two greenfield projects that are coming up,” M P Vijay Kumar, chief financial officer, Sify Technologies, told. He added that in addition to giving the company access to clean energy, it would also be available at a lower cost as compared to traditional sources. Further, it would help the company meet its ESG guidelines and add to the return on investments.
Vibrant Energy Holdings is a portfolio company of Macquarie’s GIG. This partnership is the first step in a roadmap for the company to minimize its dependence on fossil fuels to power its data center business and reducing its carbon footprint.
Srini Viswanathan, CEO, Vibrant Energy, said: “We are working with Sify to help them consume 231 megawatts of renewables through a combination of wind and solar. This is expected to deliver about 470-gigawatt hours of power of which 66 MW is being commissioned right now in Maharashtra,” he said.
By simultaneously investing in both solar and wind energy, Sify will soon be able to deliver most of the power required for its flagship data centres in Mumbai from renewable sources and intends to continue increasing renewable penetration across its nationwide footprint.
