Bharti Airtel Monday said that it has signed definitive agreements to acquire stakes in the renewable energy project companies Continuum MP WindFarm Development Pvt. Ltd. and Egan Solar Power Pvt. Ltd, established by Continuum Green India Pvt. Ltd. and Vibrant Energy Holdings Pte. Ltd. to power six Nxtra’s Edge data center facilities.
The acquisitions will be done to aid in the purchase of 23,000 MWh of renewable energy from these entities by the fourth quarter of the current fiscal.
The details of the financials or the quantum of stake were not disclosed.
“We believe that India’s growth will be mirrored by its Data Center industry growth in the coming years and are committed to reduce our carbon footprint and lead the Green Data Center infrastructure revolution in the country,” Ashish Arora, chief executive – Nxtra by Airtel, said.
Nxtra by Airtel houses the telco’s data center business and has expressed its commitment to become a Net Zero Company by 2031.
The purchase will be made through an open access route. Continuum MP WindFarm Development Pvt. Ltd. will supply green power from solar and wind power projects to Nxtra’s Edge data centers in Madhya PradeshEgan Solar Power Pvt. Ltd. will supply solar power to its Edge data center in Vijaywada, it added.
With the addition of these new capacities, the total contracted renewable energy capacity for Nxtra data centers will exceed 274,000 MWh, Airtel said.
The data center unit will also invest Rs 5000 crores to double its existing capacity to over 400 MW in the next few years, Airtel added in the statement.
