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MYTILINEOS will provide renewable energy generated from solar farms in Ireland to power Keppel DC REIT’s two Dublin data centres.
ATHENS, GREECE - May 29th, 2024 - Keppel DC REIT and MYTILINEOS Energy & Metals (RIC: MYTr.AT, Bloomberg: MYTIL.GA, ADR: MYTHY US) (MYTILINEOS) have signed two long-term power purchase agreements (PPA) to provide energy generated from two solar farms in Ireland to Keppel DC REIT’s two Dublin facilities.
The solar farms, strategically located in Gorey, Wexford, an area with one of the highest irradiation regions in Ireland and in Goresbridge, Kilkenny, have a collective capacity of 14.28 Mega Watts (MW) and once completed they will produce ca. 13.6 GWh of renewable electricity per year while displacing more than 6.250 tons of CO2 per year.
Gary Watson, Country Manager Keppel DC REIT (Ireland), said: “As an established colocation data centre provider in Ireland, Keppel DC REIT is committed to achieve Net Zero in its operations in Ireland by 2030, in accordance with Ireland’s Climate Action Plan and its pledge to the Climate Neutral Data Centre Pact. By strengthening our commitment to address climate change, we believe that we can better support our clients’ sustainability goals.”
Including these latest PPAs, about 92% of the combined power requirements at Keppel DC REIT’s two data centres would be met by Irish renewable sources.
Through the PPAs, MYTILINEOS will deliver about 11% of the Dublin data centres’ total power requirements when the solar farms are completed in summer 2024. Both solar farms are developed by MYTILINEOS’ M Renewables, a global top integrated developer, with a significant track record of successful projects. M Renewables undertook the Engineering, Procurement and Construction (EPC) of the solar parks.
Nikos Papapetrou, Executive Director M Renewables MYTILINEOS, stated regarding the agreement: “This signing of MYTILINEOS’ first PPA in Ireland strengthens the company’s presence in the local renewable energy market and fosters significant growth opportunities. We are proud to partner with Keppel, an international provider of reliable Data Centres across Europe and Asia Pacific, acknowledging the eminent need for green solutions, in a demanding energy market.”
MYTILINEOS has been established and operating in Europe and UK for 10 years and Ireland is an important strategic country for the Company for its solar, storage and hydrogen business. Total capacity of the operational and mature global portfolio of M Renewables, which is dynamically expanding in all five continents, is now c.4.8 GW, while including projects in Early and Middle stages of development, with a capacity of c.5.7 GW, MYTILINEOS’ global portfolio now stands at app. 10 GW.
MYTILINEOS was advised by Matheson and Our New Energy on this transaction.
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For further information about MYTILINEOS please contact:
Ms. Antigoni Fakou: MYTILINEOS Press Office Tel. +30210-6877346 | Fax +30210-6877400 | E-mail: Antigoni.fakou@mytilineos.gr
ΜYTILINEOS Energy & Metals is a multinational industrial and energy company, a leader in the metallurgy and energy industries, focused on sustainability and circular economy. The Company is listed on the Athens Stock Exchange, with a consolidated turnover and EBITDA of €5.492 billion and €1.014 billion, respectively. MYTILINEOS is a reference point for competitive green metallurgy at the European and global level, whilst operating the only vertically integrated bauxite, alumina and primary aluminum production unit in the European Union (E.U.) with privately owned port facilities. In the energy sector, MYTILINEOS offers comprehensive solutions, covering thermal and renewable energy projects, electricity distribution and trading, alongside investments in grid infrastructure, battery storage, and other green technologies. The Company is active in the markets of all five continents, in 40 countries, adopting a full-scale synergetic model between the Metallurgy and Energy Sectors, while undertaking end-to-end development of major energy infrastructure projects.
For more information, please visit: www.mytilineos.gr | Facebook | Twitter | YouTube | LinkedIn
For further information about Keppel DC REIT please contact:
Media Relations: Mr Stefan Loe, Senior Manager Corporate Communications, Keppel Ltd.,
Tel: (65) 6413 6426 | Email: stefan.loe@keppel.com
Investor Relations: Ms Renee Goh, Manager Investor Relations & Sustainability, Keppel Ltd.
Tel: (65) 6803 1679 | Email: renee.goh@keppel.com
Keppel DC REIT was listed on the Singapore Exchange on 12 December 2014 as the first pure-play data centre REIT in Asia.
Keppel DC REIT’s investment strategy is to principally invest, directly or indirectly, in a diversified portfolio of income-producing real estate assets which are used primarily for data centre purposes, as well as real estate and assets necessary to support the digital economy.
Keppel DC REIT’s investments comprise an optimal mix of colocation, fully-fitted and shell and core assets, as well as debt securities, thereby reinforcing the diversity and resiliency of its portfolio.
Keppel DC REIT is managed by Keppel DC REIT Management Pte. Ltd. (the Manager) and is sponsored by Keppel, a global asset manager and operator with strong expertise in sustainability-related solutions spanning the areas of infrastructure, real estate and connectivity.
For more information, please visit: www.keppeldcreit.com