Equinix secures extra funding for global hyperscale datacentre builds

Colocation extensive Equinix is embarking on a sequence of miniature felony responsibility partnerships with long-standing funding companion GIC to ramp up the series of hyperscale datacentres in its global portfolio

Caroline Donnelly

Caroline Donnelly,
Senior Editor, UK

Published: 14 Jun 2021 12: 30

Equinix has secured $3.9bn in extra funding to toughen the following phase of its global hyperscale datacentre buildout plans, which can see its server farm portfolio develop to 32 facilities over the following two-years.

The colocation extensive already operates 220 datacentres one day of the sphere, nonetheless is in the middle of an on-going enhance initiative that will see it produce a series of supplementary facilities, is continuously known as xScale datacentres, one day of the sphere that are built to specifically charm to the hyperscale cloud giants.

The corporate’s xScale datacentre buildout scheme in the muse obtained $1bn in funding from Singapore sovereign wealth fund, GIC, by a joint endeavor introduced in July 2019.

That partnership is now entering into one other phase with Equinix securing additional funding to produce more of those tailored hyperscale facilities globally by a sequence of miniature felony responsibility partnerships with GIC that are anticipated to terminate in “loads of waves” one day of 2021.

“For years, the sphere’s greatest cloud provider services, at the side of Alibaba Cloud, Amazon Net Companies and products, Google Cloud, IBM Cloud, Microsoft Azure and Oracle Cloud Infrastructure, bask in partnered with Equinix to leverage its global platform of larger than 220 datacentres to as we exclaim connect to their strategic industry companions and clients,” said Equinix CEO Charles Meyers.

“The joint endeavor scheme of xScale permits these ample deployments to be structured in an off-steadiness sheet mannequin that goals to lend a hand capital for funding in our passe retail datacentre and digital infrastructure industry and lend a hand our strategic and monetary flexibility.”

Once executed, this work will imply that Equinix has xScale datacentres in operation within Europe, Asia-Pacific and the Americas, with the corporate projecting that – on completion – these 32 facilities will possess bigger than 600 megawatts of compute energy.

The bulk of the deliberate facilities would possibly maybe be primarily based in Europe, with the corporate confirming that two xScale datacentres would possibly maybe be in-built London and three in Dublin, as smartly as four in Paris and 5 in Frankfurt.

Jabez Tan, head of research at datacentre market-centered analyst condominium, Structure Analysis said Equinix’s xScale diagram must stand the corporate in appropriate stead, as quiz for datacentre ability from the hyperscale neighborhood remains sturdy one day of the sphere.

“By constructing upon the xScale portfolio, Equinix is smartly-positioned to additional walk up the adoption of hybrid and multi-cloud because the IT architecture of identify on for this day’s companies, whereas meeting hyperscalers’ wishes for operational reliability, global attain and interconnectivity to rich ecosystems that are serious to serving their clients worldwide,” said Tan.

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