Equinix has announced a further $3.9 billion investment from its JV partner, Singaporean sovereign wealth fund GIC, to expand its global hyperscale footprint.
Since their partnership began in 2019, GIC has invested $3 billion into six ‘xScale’ facilities; two in Paris, two in London and two new facilities in Frankfurt which are due to complete in 2021 and 2022. These sites will be able to deliver a total of 106 MW IT capacity to hyperscale customers.
This latest investment will bring the xScale portfolio investment to more than $6.9 billion across 32 data centres globally. Once fully built out, it will provide over 600 MW of IT power.
The majority of the future xScale facilities will be in Europe. The company has confirmed there will be a further five sites in Frankfurt, four in Paris, three in Dublin and two in London.
In a previous joint venture with GIC, Equinix opened its first Asia-Pacific data centre in Tokyo in Q1 2021. Two more hyperscale facilities will now be added in Tokyo and one more in Osaka which is planned for Q4 2021.
In Latin America, Equinix will build its first xScale facility in São Paulo, Brazil, which is expected to open in Q3 2021. The facility will connect to four existing Equinix International Business Exchange (IBX) data centres. The JV will also allow them to build an additional two hyperscale facilities in the city, with a further data centre planned for Mexico City, Mexico.
