The U.S. based network-neutral data centre, colocation and interconnection solutions provider Digital Realty, (NYSE: DLR) declared a power and renewable energy credit agreement with Citi to supply wind electricity to data centres in the Dallas of Texas region. Under the deal bound for the period of 7.5-year Digital Reality will get more than 260,000 MWh of electrical power on an annual basis, which will be consumed by it’s13 data centres in the Greater Dallas region, constituting about 30% of the company’s overall power needs in this market. 

Digital Realty, CEO A. William Stein, states that the data centre industry underpins the growth of the digital economy. They believe that industry participants must recognize the importance of managing the environmental impact of their digital infrastructure. He further added that the company dedicates to supporting its customers with sustainable, highly resilient facilities that leverage renewable energy and other energy-efficient technologies.  According to William Stein, partnering with Citi, a proven leader in sustainable financing, to bring clean, renewable energy to customers is a matter of pride for Digital Realty. 

With the mission of achieving environmental efficiency driven by the renewable energy strategy,  Digital Realty commits to continually optimize the use of energy and natural resources to deliver improved performance.  In 2019 the company announced to collaborate and provide 50 megawatts of renewable energy to maintain its data centres in Ashburn, Virginia. The company also devised the strategy and signed a green tariff agreement with Portland General Electric which performs to provide approximately 120,000 megawatt-hours annually to a new venture in Hillsboro, Oregon.   

This wind power agreement of Digital Realty is another stepping stone towards its sustainability initiatives across the global portfolio. U.S. Environmental Protection Agency has named Digital Realty as 2020 ENERGY STAR Partner of the Year. In the year 2019, the company bagged certification from the ENERGY STAR program comprising industry-leading 29 data centres.

Considering the environmental effects, more and more data-centre companies are joining the trend and adopting power sourcing through renewable energy contracts in comparison to traditional arrangements. Another reason for the rise in demand for renewable energy contracts is that the cost and source of renewable energy are highly feasible than the fluctuating conventional fossil fuel energy. 

The tech companies and cloud giants such as Apple, and Google are already 100 per cent renewable energy-powered, followed by Facebook which expects to hit the target 2020, and Amazon Web Services will achieve it until 2030.

“As more companies like Digital Realty invest in renewable energy, we’ve committed to supporting them in their environmental endeavors as part of our efforts to accelerate the global transition to a low-carbon economy,” said Roxana Popovici, a Managing Director for renewable power transactions at Citi.

For more about Digital Realty’s sustainability efforts lease visit https://www.digitalrealty.com/about/sustainability

About Digital Realty

Established in the year 2004, Digital Realty bolsters the data centre, carrier-hotels and interconnection strategies of customers across the Americas, Asia Pacific (APAC), Europe, the Middle East, and Africa (EMEA). The service range from cloud services to information technology services, network connectivity to financial services, manufacturing, energy, healthcare and consumer products.

About Citi

Citi, the global bank, caters to around 200 million client accounts and operates in more than 160 nations. Citi provides customers, governments corporations, and institutions with a wide range of financial assistance and services, which includes consumer banking and credit programs, corporate and investment banking, securities brokerage, transaction services, and wealth management. 

For further information visit  http://www.citigroup.com

The Media Bulletin (TMB) is a diversified publisher and a digital media service company. Consistently at the forefront of innovation and technological advancement, TMB endorses digital technology to provide unique experiences to its audience through news, objective-oriented research and articles, and industry expert commentary.

Posted in News By TMB Editorial   Date April 24, 2020

Leave a Reply

Your email address will not be published.