AdaniConneX, a joint venture (JV) owned by Adani Enterprises and EdgeConneX, has raised up to $1.44 billion (Rs 115.2 billion) for funding its upcoming green data centres.
The financing has an initial commitment of $875 million, with an accordion feature to extend commitment up to $1.44 billion. The transaction elevates AdaniConneX’s construction financing pool to $1.65 billion, building on the maiden construction facility of $213 million executed in June 2023.
The new data centre facilities will employ state-of-the-art technologies and renewable energy solutions to minimise the ecological footprint while optimising operational efficiency. The sustainability-linked financing reinforces AdaniConneX’s commitment towards driving a safety-first culture, delivering world-class power usage effectiveness (PUE) by adopting global best practices, and leveraging renewable energy resources. In addition, the new facility is touted as a solution of a syndicated guarantee-backed assurance programme in sync with the projects’ procurement strategy.
Moreover, 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 towards financing is a significant step towards building sustainable digital infrastructure that will fuel economic progress and accelerate India’s digital growth.
Furthermore, AdaniConneX plans to build an environmentally and socially conscious one gigawatt data centre infrastructure platform by leveraging the complementary capacity of Adani Group, and EdgeConneX.
