Greencoat Renewables and Keppel DC REIT and have signed a wind power purchase agreement (PPA) for two data centres in Dublin, Ireland.
Under the PPA, Keppel DC REIT will purchase 100% of the electricity generated from Greencoat Renewables’ Ballincollig wind farm in County Kerry, which has an annual output of 31.5GWh of renewable energy.
It is the second PPA signed between Keppel DC REIT and Greencoat Renewables.
This latest PPA, together with all agreements signed between Keppel DC REIT and its partners, will ensure that 100% of the current power utilised at Keppel DC Dublin 1 and Keppel DC Dublin 2 for the next 10 years is sourced from renewable energy.
The PPA supports Keppel DC REIT’s sustainability target of introducing renewable energy to at least 50% of its colocation assets by 2030, as well as to encourage the use of renewable energy its throughout its portfolio.
The PPA for Ballincollig wind farm is the sixth PPA within the Greencoat Renewables portfolio and “underscores the company’s capability to re-contract assets as they transition out of tariff regimes”.
The six PPAs amount to 540GWh of renewable energy a year and represent 20% of Greencoat Renewables five-year look forward merchant volumes.
The PPAs entered into as part of the re-contracting strategy have an average tenure of eight years and span multiple geographies and technologies.
Gary Watson, Country Manager, Keppel DC REIT (Ireland), said: “Keppel DC REIT (Ireland) is delighted to meet our 2030 target of using 100% Irish renewable energy for our operations five years ahead of schedule.
“We firmly believe that delivering on our commitment will help our clients achieve their sustainability goals and solidify us as their partner of choice”.
Paul O’Donnell, Partner, Schroders Greencoat, added: “As one of Europe’s leading listed owners and operators of renewable energy infrastructure assets, we see a significant opportunity to provide renewable electricity to the growing Irish data centre market.
“Our second PPA with Keppel DC REIT further strengthens our position as a trusted provider of renewable energy, supporting our partners with their decarbonization efforts and advancing the energy transition.”