In a major step forward for Ireland’s green energy future, Keppel DC REIT has inked a second landmark Power Purchase Agreement (PPA) with Greencoat Renewables PLC.
The agreement will see 100% of the electricity generated at the Ballincollig wind farm in County Kerry — equivalent to 31.5 GWh annually — used to power Keppel’s two data centres in Dublin.
The new agreement solidifies Keppel DC REIT’s renewable energy strategy in Ireland, ensuring that all electricity consumed at Keppel DC Dublin 1 and Keppel DC Dublin 2 over the next decade will come from renewable sources.
By doing so, the initiative will prevent approximately 80,000 tonnes of carbon emissions, supporting both Ireland’s climate targets and Keppel’s sustainability ambitions.
“This partnership marks a significant milestone in our commitment to clean energy,” said Gary Watson, Country Manager at Keppel DC REIT (Ireland).
“We’re proud to have achieved our 2030 target — 100% renewable energy across our Irish operations — five years ahead of schedule.
“Our clients increasingly demand sustainable solutions, and we’re leading the way in delivering them.”
This second PPA with Greencoat builds on a growing collaboration between the two companies and underscores Greencoat’s ability to adapt as legacy tariff supports come to an end.
The Ballincollig agreement is the sixth PPA in Greencoat’s expanding portfolio, representing around 540 GWh of renewable generation annually — roughly 20% of the firm’s five-year merchant energy outlook.
Paul O’Donnell, Partner at Schroders Greencoat LLP, emphasised the strategic importance of this deal.
“The Irish data centre market is evolving rapidly, and renewable energy will be a critical enabler.
“This latest PPA reinforces our position as a trusted energy partner, helping to power the digital economy sustainably.”
As data centres become more integral to Ireland’s tech-driven economy, powering them with homegrown renewable energy signals a positive shift — one that promises cleaner growth and long-term environmental benefits.
This deal not only strengthens Ireland’s green credentials but also paves the way for similar partnerships across the sector.
While the transaction is not expected to materially impact Keppel DC REIT’s financial results for the year ending 31 December 2025, it is set to deliver far-reaching environmental and reputational value.
