AdaniConneX  has achieved financial closure through its maiden construction facility by entering into a financing agreement with international banks. The digital infrastructure platform has raised USD 213 million for strengthening its under-construction data centre asset portfolio.

International lenders who have committed to the facility include ING Bank N.V., Mizuho Bank,  MUFG Bank,  Natixis, Standard Chartered Bank, and
Sumitomo Mitsui Banking Corporation. The tied-up facility will finance two data centres with an aggregate capacity of 67 MW, across its ‘Chennai-I’ campus with Phase-I of 17 MW and Noida campus of 50 MW capacity.

The Chennai facility is Tamil Nadu’s first pre-certified IGBC Platinum-rated data centre offering colocation solutions to the enterprise segment. Moreover, the under-construction Noida campus will have a 50 MW capacity to support the expansion needs of hyperscale customers in India.

Overall, the company is investing capital as it envisages achieving one GW capacity by 2030 even as the Green Data Centre platform will be enabled by hyperscale to hyperlocal-led investments across the country.

AdaniConneX, which is a 50:50 JV between Adani Enterprises and EdgeConneX, aims to build on-time and sustainable data centre capacity  and meet the growing need for reliable IT infrastructure.

As per CRISIL, the data centre capacity in India is expected to double from approx. 870 MW in FY22 to 1,700-1,800 MW by FY25.