Indian digital ICT solutions provider Sify Technologies Limited has concluded power purchase agreements (PPAs) with Vibrant Energy Holdings, which describes its mission as 'to lead the transition of corporate and industrial customers to a more sustainable, resilient, and low-cost energy future', for 231 MW of solar and wind energy capacity.
Of this total 67 MW solar PPA had been signed in March 2021 and recently commissioned. The capacity will be used to power Sify’s latest hyperscale data centres.
India’s Economic Times says the companies will jointly invest about Rs 1,250 crore (approximately US$167.477 million) for the 231 MW through a special purpose vehicle.
The partnership is described as the first step in a roadmap for Sify to minimize its dependence on fossil fuels to power its fast-growing data centre business.
By simultaneously investing in both solar and wind energy, Sify says, it will soon be able to deliver most of the power required for its flagship data centres in Mumbai from renewable sources. It intends to continue increasing renewable penetration across its nationwide footprint.
In addition to giving the company access to clean energy, Sify Technologies chief financial officer M P Vijay Kumar pointed out, the energy would also be available at a lower cost compared to traditional energy sources. Further, it would help the company meet its Environment, Social and Governance (ESG) guidelines and add to its return on investments.
Kumar added that the deal would also be about proving the viability of adopting green energy solutions at an industrial scale. One can therefore assume that other data centre companies will be taking a strong interest in this initiative.
