India’s largest sustainability-linked data center financing to accelerate digital infrastructure growth
Eight International lenders participated in the sustainability linked Loan facility.
AdaniConneX, a joint venture equally owned by Adani Enterprises and EdgeConneX of the US, has established India’s largest sustainability linked financing to raise up to USD 1.44 billion (approximately ₹11,520 crore) to fund its upcoming green data centers.
The financing includes an initial commitment of $875 million, with an "accordion" feature that allows for an extension of the commitment up to the full amount. This significant investment will enable AdaniConneX to build state-of-the-art data center facilities that prioritize sustainability and environmental stewardship.
The new data centers in India will employ cutting-edge technologies and renewable energy solutions to minimize their ecological footprint while optimizing operational efficiency.
AdaniConneX's commitment to safety-first culture and world-class power usage effectiveness (PUE) aligns with global best practices and leverages renewable energy resources.
The company has signed definitive agreements with eight international lenders, including ING Bank N.V., Intesa Sanpaolo, KfW IPEX, MUFG Bank Ltd., Natixis, Standard Chartered Bank, Société Générale, and Sumitomo Mitsui Banking Corporation. This transformative approach to financing aims to build sustainable digital infrastructure that will fuel economic progress and accelerate India's digital growth.
“This successful exercise is a testament to the collective resolve of the parties to meet the challenges of establishing sustainable and robust digital infrastructure, thereby pushing norms and setting new industry benchmarks,” said Mr Jeyakumar Janakaraj, CEO of AdaniConneX, “Construction financing is a core element of the AdaniConneX capital management plan, enabling us to deliver a data center solution firmly rooted in sustainability and environmental stewardship. We are delighted to embark on this journey alongside our esteemed international banking partners.”
AdaniConneX's green data centers are strategically planned across various locations in India. While the specific cities or regions have not been explicitly mentioned in the company's press release, the joint venture aims to establish these data centers in areas that can maximize energy efficiency and utilize renewable energy sources. As more details emerge, we can expect further announcements regarding the exact locations of these eco-friendly data centers. Stay tuned for updates.
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