“The tied-up facility will finance two data centers with an aggregate capacity of 67 MW that includes ‘Chennai 1’ campus with Phase 1 of 17 MW and Noida campus of 50 MW,” AdaniConneX said in a statement Friday.
“The Platform Infrastructure Financing finalized through the Framework Agreement with international lenders shall institutionalize the development agenda for AdaniConneX,” the statement added.
ING Bank N.V., Mizuho Bank<\/a>, MUFG Bank<\/a>, Natixis, Standard Chartered Bank<\/a>, and Sumitomo Mitsui Banking Corporation<\/a> have committed to the facility, AdaniConneX said.
India is one of the fastest-growing data center markets in the world, and as per CRISIL estimates, the data center capacity in India is expected to double from ~870 MW in FY22 to 1700-1800 MW by FY25.
AdaniConneX is investing capital to ultimately build a 1 GW green data center platform, enabled by hyperscale to hyperlocal data center investments across the country.
“The construction facility is the key ingredient of AdaniConneX capital management plan, providing the pathway for us to deliver on-time a reliable and sustainable data center capacity of 1 GW by 2030,” said Jeyakumar Janakaraj, CEO of AdaniConneX. “The achievement marks a significant milestone in developing this transformative initiative, which is set to revolutionize the digital infrastructure in India.”
“The facility shall encourage overall implementation philosophy to power the digital infrastructure by delivering clean and long-term renewable energy solutions aiming toward a carbon-neutral footprint,” said Anil Sardana<\/a>, Director of AdaniConneX. Sardana is the Adani representative on the board.
“We welcome the banking partners through their participation with AdaniConneX. We are excited about our overall journey with Adani in India that has started with a robust implementation plan and a tremendous customer pipeline that will quickly establish AdaniConneX as the leading digital infrastructure platform for all of India,” said Edmund Wilson, Director – AdaniConneX. Wilson is also the Chief Operating Officer and Co-Founder, of EdgeConneX.
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