Citi to Power QTS Data Center in Irving, TX with Clean, Renewable Energy

Transaction Underscores Citi’s Sustainable Progress Strategy

NEW YORK–(BUSINESS WIRE)–Citi has entered into a new arrangement to supply clean, renewable
energy for a 10-year term to a QTS Realty Trust (QTS) data center in
Irving, TX. The contract will provide renewable energy for 100 percent
of the 54-acre, 700,000 sq. ft. data center’s power needs.

The power and renewable energy credits will come from the 200 MW Flat
Top wind project located in central Texas, and represents approximately
15 percent of the project’s output. The Flat Top Wind project is owned
by Alterra Power Corp., a subsidiary of Innergex Renewable Energy Inc.,
and a fund managed by BlackRock Real Assets, and is expected to achieve
commercial operations in the first half of 2018.

“This deal will provide a renewable source of energy as well as price
certainty to one of our key data centers,” said Travis Wright, Irving
Site Director for QTS. “It also demonstrates the value that comes from
the close collaboration between our energy suppliers and QTS’ commitment
to sustainability across its own operations.”

“Corporates are exploring new structures and evolving tools that provide
more attractive allocations of risk among corporates, projects and
intermediaries, rather than locking into high risk, long-dated power
purchase agreements,” said Roxana Popovici, a Managing Director
responsible for renewable power transactions at Citi. “As clients like
QTS look to ramp up their purchase of renewable energy, structures like
the one employed in this transaction will become increasingly important
and will be critical to scaling the market for renewable energy.”

The transaction contributes to Citi’s $100 billion Environmental Finance
Goal to support environmental solutions and accelerate the global
transition to a low-carbon economy. As part of its Sustainable Progress
Strategy launched in 2015, Citi announced a landmark commitment to lend,
invest and facilitate a total of $100 billion over 10 years to finance
activities that reduce the impacts of climate change and create
environmental solutions that benefit people and communities.

Citi, the leading global bank, has approximately 200 million customer
accounts and does business in more than 160 countries and jurisdictions.
Citi provides consumers, corporations, governments and institutions with
a broad range of financial products and services, including consumer
banking and credit, corporate and investment banking, securities
brokerage, transaction services, and wealth management.

Additional information may be found at http://www.citigroup.com
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About QTS

QTS Realty Trust, Inc. (NYSE: QTS) is a leading provider of data center
solutions across a diverse footprint spanning more than 6 million square
feet of owned mega scale data center space throughout North America.
Through its software-defined technology platform, QTS is able to deliver
secure, compliant infrastructure solutions, robust connectivity and
premium customer service to more than 1,100 leading hyperscale
technology companies, enterprises, and government entities. Visit QTS at www.qtsdatacenters.com,
call toll-free 877.QTS.DATA or follow on Twitter @DataCenters_QTS.

Contacts

Citigroup Inc.

Scott Helfman, +1-212-816-9241