Sydney, Tuesday 19 December, 2023 – Google, hyperscale data centre specialist AirTrunk, and global renewable energy provider OX2 today announced a long-term Power Purchase Agreement (PPA) and the development of a new solar farm expected to add 25 megawatts (MW) of new renewable energy generation capacity into Australia’s energy grid.
Under the agreement, OX2 will develop a new solar farm in the Riverina district of New South Wales – helping to advance Google’s ambitious 2030 goal to run on 24/7 carbon-free energy on every grid where they operate.
“Industry collaboration and innovation are crucial to achieving our ambitious sustainability objectives, including our efforts to drive a substantial increase in carbon-free energy capacity across the Asia Pacific region,” said Mel Silva, Managing Director, Google Australia. “As part of our broader Digital Future Initiative, this project will see us support local infrastructure to tackle big challenges like climate change while also further solidifying the foundations of a growth-centric yet sustainable digital economy.”
Under the innovative agreement structure, AirTrunk will procure the renewable energy generated by OX2’s solar farm and associated energy attribute certificates with time-matching to Google’s consumption. The solar farm is expected to begin generating power in 2025.
“As a leader in hyperscale data centres in Asia-Pacific & Japan, AirTrunk is committed to accelerating the energy transition to achieve Net Zero by 2030,” said Damien Spillane, AirTrunk Chief Customer and Innovation Officer. “Our collaboration with Google and OX2 will deliver new renewable energy capacity into the grid on the east coast of Australia. Developments like this are critical to accelerating progress towards a carbon-free future in Australia.”
Rachel Watson, OX2 Australia Country Manager remarked, “This is a very exciting project for OX2 to be involved in, as we establish a new relationship with AirTrunk and Google. Their commitment to buying carbon-free energy is helping to accelerate the energy transition, and get more renewable energy into the system.”
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About Google
Google’s mission is to organize the world’s information and make it universally accessible and useful. Through products and platforms like Search, Maps, Gmail, Android, Google Play, Google Cloud, Chrome and YouTube, Google plays a meaningful role in the daily lives of billions of people and has become one of the most widely-known companies in the world. Google is a subsidiary of Alphabet Inc.
About AirTrunk
AirTrunk is a hyperscale data centre specialist creating a platform for cloud, content and large enterprise customers across the Asia-Pacific & Japan (APJ) region. The company develops and operates data centre campuses with industry leading reliability, technology innovation and energy and water efficiency. AirTrunk’s unique capabilities, designs and construction methodologies allow it to provide customers with a scalable and sustainable data centre solution at a significantly lower build and operating cost than the market.
A private company, AirTrunk is well capitalised to fund its development of data centres across the APJ region. In 2020, a consortium led by Macquarie Asia Infrastructure Fund 2 (MAIF2) and including Public Sector Pension Investment Board (PSP Investments), acquired a major stake in the business, investing alongside AirTrunk’s Founder and CEO Robin Khuda. MAIF2 is managed by Macquarie Asset Management, one of the world’s leading alternative asset managers and part of the ASX-listed Macquarie Group Limited (ASX:MQG). For more information on AirTrunk, visit www.airtrunk.com
About OX2 AB
OX2 develops, constructs, and sells renewable energy solutions at scale. OX2 also offer management of wind- and solar farms after completion. OX2’s project development portfolio consists of in-house developed as well as acquired projects in onshore and offshore wind, solar, and energy storage, in various phases of development. The company is also active in developing projects based on other renewable energy technologies, such as hydrogen. OX2 is operating in eleven markets in Europe: Sweden, Finland, Estonia, Lithuania, Poland, Romania, France, Spain, Italy, Greece, and Åland. Since 2023 OX2 is also operating in Australia. Sales in 2022 was about 7.6 billion SEK. The company has about 400 employees and is headquartered in Stockholm, Sweden. OX2 is listed on Nasdaq Stockholm since 2022.