Sify Technologies on Wednesday said it has concluded power purchase agreements with Vibrant Energy Holdings for a total of 231mw of solar and wind energy to power Sify’s data centres.
Hyderabad-based Vibrant Energy is a majority owned subsidiary of Blue Leaf Energy Asia, which is a portfolio company of Macquarie’s Green Investment Group. The investment in setting up the capacity is Rs 1,250 crore.
The investment will be a combination of debt and equity in the ratio 2:1. In the equity portion, Sify will hold about 26 per cent. Nasdaq-listed Sify said the company is looking to minimise its fossil fuel use to power its fast growing data center business and reduce its carbon footprint.
