In a groundbreaking development for the data center industry, AdaniConneX, a dynamic joint venture between Adani Enterprises Ltd (AEL) and EdgeConneX (ECX), has successfully secured a financing facility worth $213 million for its vibrant under-construction data center asset portfolio. This funding considered India’s largest data center financing deal to date, brings together a consortium of international lenders, including ING Bank N.V., Mizuho Bank Ltd., MUFG Bank Ltd., Natixis, Standard Chartered Bank, and Sumitomo Mitsui Banking Corporation. Get ready to dive into the exciting world of AdaniConneX’s data center revolution!
Expanding Data Center Infrastructure: AdaniConneX is on a mission to meet the surging demand for reliable IT infrastructure in India by embarking on the development of a groundbreaking 1 GW Green Data Centre platform. This ambitious platform encompasses a range of awe-inspiring hyperscale to hyperlocal data center investments across the nation. With the secured financing facility in place, AdaniConneX is well-equipped to deliver a robust, sustainable, and future-ready data center capacity of 1 GW by 2030. Brace yourself for a data-driven future!
Significance of the Financing Facility: The successful closure of the remarkable financing facility signifies a significant milestone for AdaniConneX’s transformative initiative, poised to revolutionize the digital infrastructure landscape in India. Armed with this substantial pool of liquidity, AdaniConneX is strategically positioned to accelerate the implementation of its under-construction asset portfolio, seamlessly catering to the soaring demand for data center services. The stage is set for an unprecedented data center transformation!
Collaboration and Expertise: AdaniConneX’s trailblazing partnership with EdgeConneX, an industry titan in data center solutions, fuses together unparalleled data center expertise and cutting-edge technology solutions. This dynamic collaboration harmonizes EdgeConneX’s prowess in data center operations with Adani’s comprehensive knowledge in full-stack energy management, renewable power, and project development. Together, they aim to revolutionize the data center sector by providing clean and sustainable energy solutions, all while striving for a carbon-neutral footprint. It’s a match made in data center heaven!
Project Details: The $213 million financing facility will power the development of two extraordinary data center projects. The first project, known as the ‘Chennai 1’ campus, resides in the vibrant city of Chennai, Tamil Nadu. It proudly holds the distinction of being the state’s first pre-certified IGBC platinum-rated data center, offering tailor-made co-location solutions for enterprises. The second project, located in Noida, Uttar Pradesh, is designed to fulfill the expansion needs of hyperscale customers in India. Together, these data centers will boast a combined capacity of 67 MW, with ‘Chennai 1’ contributing 17 MW and the Noida campus contributing an impressive 50 MW to the overall capacity. Get ready for data center marvels in two exciting locations!
Conclusion: AdaniConneX’s groundbreaking procurement of a $213 million financing facility for its under-construction data center asset portfolio marks a pivotal moment in India’s digital infrastructure revolution. As AdaniConneX combines innovation, expertise, and sustainable energy solutions, it paves the way for an unparalleled data-driven future in India. Keep your eyes on AdaniConneX as it sets the stage for a dynamic and vibrant data center landscape, propelling India’s digital revolution into new realms of possibility.