Sify Technologies Limited (NASDAQ: SIFY) (“Sify”), India’s leading
digital ICT solutions provider, today announced a major commitment
to renewable energy for its growing data center portfolio in India.
The company recently concluded power purchase agreements (PPAs)
with Vibrant Energy Holdings (“Vibrant”), a majority owned
subsidiary of Blue Leaf Energy Asia Pte. Ltd. (“Blueleaf Energy”)
which is a portfolio company of Macquarie’s GIG. The PPAs are for
total 231MW of solar and wind energy capacity to power Sify’s
latest hyperscale data centers, of which 67MW solar PPA had been
signed in March 2021 and recently commissioned.
This partnership is the first step in a clear
roadmap for the company to minimize its dependence on fossil fuels
to power its fast-growing data center business, dramatically
reducing its carbon footprint. By simultaneously investing in both
solar and wind energy, Sify will soon be able to deliver most of
the power required for its flagship data centers in Mumbai from
renewable sources and intends to continue increasing renewable
penetration across its nationwide footprint.
Raju Vegesna, Chairman, Sify,
said, “There is an intensifying narrative about adopting green
energy. We decided to lead by action, as we always have done in the
ICT space. With the constantly expanding need for world-class data
center facilities to meet the burgeoning data-centric
transformation of Indian businesses, we believe that investing in
clean energy sources to fuel this transformation is a social
imperative. Sify is proud to be doing its part to help our
customers become a part of this clean energy future.”
M P Vijay Kumar, CFO, Sify,
said, “As an early adopter of ESG guidelines, Sify has constantly
pushed the envelope in the Data Center space. This shift to
renewables will deliver clear economic advantages, but it is also
about proving the viability of adopting green energy solutions at
an industrial scale.”
Oliver Lewis, Chairman
of Vibrant Energy and Executive Director of GIG said: “We
are very excited by Vibrant’s continued growth in capacity to
provide green energy solutions to businesses in India, supporting
India’s decarbonization. The partnership with Sify Technologies
marks a new milestone on Vibrant’s journey of providing green
energy and tailored solutions to meet the growing business
demand.”
Srini Viswanathan, CEO, Vibrant Energy,
said: “Vibrant is honored to partner with Sify in their
journey to build sustainable data center solutions in the Indian
market. Vibrant is looking forward to continuing to work with Sify
to support them in their 100% renewable energy goals.”
About Sify Technologies
A Fortune India 500 company, Sify Technologies
is India’s most comprehensive ICT service & solution provider.
With Cloud at the core of our solutions portfolio, Sify is focussed
on the changing ICT requirements of the emerging Digital economy
and the resultant demands from large, mid and small-sized
businesses.
Sify’s infrastructure comprising
state-of-the-art Data Centers, the largest MPLS network,
partnership with global technology majors and deep expertise in
business transformation solutions modelled on the cloud, make it
the first choice of start-ups, SMEs and even large Enterprises on
the verge of a revamp.
More than 10000 businesses across multiple
verticals have taken advantage of our unassailable trinity of Data
Centers, Networks and Security services and conduct their business
seamlessly from more than 1600 cities in India. Internationally,
Sify has presence across North America, the United Kingdom and
Singapore.
Sify, www.sify.com, Sify Technologies limited,
www.sifytechnologies.com, Sify Infint Spaces Limited and Sify
Digital Services Limited are registered trademarks of Sify
Technologies Limited.
About Vibrant Energy
Vibrant Energy’s mission is to lead the
transition of corporate & industrial (C&I) customers to a
more sustainable, resilient, and low-cost energy future. The
platform has been delivering on this mission through its extensive
project portfolio which currently contains 66MW of operational
solar PV projects and an active development pipeline of over 400MW
across India. Vibrant Energy a is a majority-owned subsidiary of
Blueleaf Energy. Blueleaf Energy is a portfolio company owned by
Macquarie’s Green Investment Group, operating on a standalone
basis.
About Blueleaf Energy
Blueleaf Energy’s mission is to develop, deliver
and operate safe, high quality, ethical renewable energy projects,
enabling a greener energy mix and lower power bills. Blueleaf
Energy specialises in commercial and industrial (C&I), utility
scale solar, wind and energy storage solutions across the
Asia-Pacific region.
Blueleaf Energy is developing a pipeline of
projects in excess of 6GW, in addition to the historical track
record of building 2GW of capacity globally, including over 500MW
in the Asia Pacific region. Blueleaf Energy is a portfolio company
owned by Macquarie’s Green Investment Group (GIG), operating on a
standalone basis.
About Macquarie’s Green Investment
Group
Macquarie’s Green Investment Group (GIG) is a
specialist in green infrastructure principal investment, project
development and delivery, green impact advisory and the management
of portfolio assets. Its track record, expertise and capability
make it a global leader in green investment and development,
dedicated to accelerating the green transition. In April 2022, GIG
will operate as part of Macquarie Asset Management (MAM). This move
will bring together market leading expertise across the energy
transition spectrum and connect GIG with the capital of the world’s
largest investors to accelerate the green transition and deliver a
net zero future.
Forward Looking Statements
This press release contains forward-looking
statements within the meaning of Section 27A of the Securities
Act of 1933, as amended, and Section 21E of the Securities
Exchange Act of 1934, as amended. The forward-looking statements
contained herein are subject to risks and uncertainties that could
cause actual results to differ materially from those reflected in
the forward-looking statements. Sify undertakes no duty to update
any forward-looking statements.
For a discussion of the risks associated with
Sify’s business, please see the discussion under the caption “Risk
Factors” in the company’s Annual Report on Form 20-F for the year
ended March 31, 2021, which has been filed with the United States
Securities and Exchange Commission and is available by accessing
the database maintained by the SEC at www.sec.gov, and Sify’s other
reports filed with the SEC.
For further information, please contact:
Sify Technologies LimitedMr. Praveen
KrishnaInvestor Relations & Public Relations+91 44 22540777
(ext.2055)praveen.krishna@sifycorp.com |
20:20 Media Nikhila Kesavan+91
9840124036nikhila.kesavan@2020msl.com |
Grayling Investor RelationsLucia
Domville+1-646284-9416Lucia.Domville@grayling.com |
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