Equinix and PGIM real estate open their first hyperscale data centre in Sydney
Equinix and PGIM Real Estate announced the opening of SY9x, their first xScale Data Centre in Sydney. The launch follows the closing of the US$575 million ($829 million) joint venture between the parties in March 2022.
SY9x is situated in Rosehill, just outside the Western Sydney CBD of Parramatta. When completed, the second xScale facility, SY10x will have more than 28 MW power capacity. The combined power capacity of the two xScale plants will exceed 55 MW when fully operational.
Its global xScale portfolio of 36 data centres will exceed US$8 billion in investment. Equinix expects to produce more than 720 megawatts of power when fully completed
Equinix currently has nine xScale centers in three regions. These include FR9x Frankfurt, LD11x, LD13x, London, OS2x Osaka and PA8x andPA9x Paris, SP5x Sao Paulo and TY12x Tokyo.
Morgan Laughlin, Global Head of Data Centre Investments, PGIM Real said, “Since 2013, PGIM Real Estate has been investing in the vibrant and growing data centre sector and we are now delighted to be opening our first hyperscale data centre in Australia in partnership with Equinix.”
“PGIM Real Estate is projecting to continue expanding its investments in the global digital infrastructure sector, and we view our co-investment relationship with Equinix as an extremely important component of that strategic effort,”
“In line with PGIM Real Estate’s strong commitment to sustainable building practices and reducing global carbon emissions, we are seeking opportunities to both use renewable energy at our assets whilst also to grow our investments in the renewable energy sector in tandem with the expanding focus on data centres.” said Laughlin
According to the Global Interconnection Index Volume 5 (GXI Vol. 5), a market study announced by Equinix, Sydney is forecast to have an estimated 43% compound annual growth rate (CAGR) for enterprise private interconnection to the cloud and IT providers between 2020-2024, which is one of the highest in the Asia-Pacific region.
SY9x is the first of two data centres to be built and operated in the joint venture with PGIM Realty. It has more than 14 MW power capacity and will have more than 28 MW when fully constructed to meet growing demand for cloud-based services by businesses in Australia.
Hyperscale companies have the option to deploy the xScale Data Centre to expand their access footprints at Equinix International Business Exchange data centres. This allows them to grow on a single platform which can span 70 metros around the world and connect with more than 10,000 customers.
Equinix Australia managing director Guy Danskine concluded the infrastructure enables their data centre customers to scale operations, deliver exceptional customer experiences and unlock the value of artificial intelligence, machine learning, 5G and other emerging technologies,”
Equinix claims it is the first operator of data centres to pledge becoming climate neutral by 2030 worldwide. This commitment is backed up by science-based targets as well as a sustainability innovation agenda.
Australia’s cloud computing market is expected to grow 12.5% reaching US$14.1 Billion in 2025. This is supported by large-scale digital transformation initiatives that span both the public as well as private sectors.
