The capital raised will be used to purchase land to build new xScale facilities on multiple more than 100 megawatts (MW) campuses in the US, with a view to adding more than 1.5 gigawatts (GW) of new capacity for hyperscale customers.
Equinix, on Oct 2, announced that it has signed a joint venture agreement (JVA) in the form of a limited liability partnership with GIC and Canada Pension Plan Investment Board (CPP Investments), with the intention of raising over US$15 billion ($19.3 billion) in capital.
The JV is intended to accelerate the Equinix xScale data centre portfolio, which enables hyperscale companies to add core deployments to their existing access point footprints at Equinix International Business Exchange (IBX) data centres.
