Equinix and GIC established the joint venture in 2020. Following the new investments, the xScale data center portfolio will be worth more than $6.9 billion and span 32 facilities across three regions – Europe, Asia Pacific, and the Americas. The total xScale portfolio should provide more than 600 megawatts (MW) of power capacity when fully built out. Additionally, Equinix and GIC already have plans to add three more sites at a future date. Equinix formed a joint venture with GIC to launch the xScale portfolio so the large deployments could be structured in an off-balance sheet model. That lets Equinix preserve capital for investment in its traditional retail data center and digital infrastructure business. Under the terms of the joint venture, GIC will own an 80 percent equity interest in the future joint ventures and Equinix will own the remaining 20 percent.
Prior and related coverage:
Equinix aims for that “sweet spot” between colocation and public cloud Equinix launches “Time-as-a-Service” for latency-sensitive businesses Pure Storage, Equinix debut joint bare metal as-a-service offering
