AdaniConnex, a data center solutions provider created as a joint venture between Adani Enterprises and EdgeConnex, has secured sustainability-linked financing worth $1.44 billion to finance its renewable-powered data centers and drive digital infrastructure growth in India. The new data center facilities will employ advanced technologies and renewable energy solutions to reduce their environmental impact while maximising operational efficiency.
The loan includes an accordion element that allows for an extension of the $875 million initial commitment to $1.44 billion. With this, AdaniConnex’s construction financing pool now totals $1.65 billion, alongside the initial construction facility of $213 million obtained in June 2023. In line with the project’s procurement strategy, the facility provides a solution to a syndicated guarantee-backed assurance programme. The company finalised agreements for the funding with eight international lenders, including ING Bank N.V., Intesa Sanpaolo, KfW IPEX, MUFG Bank, Natixis, Standard Chartered Bank, Société Générale, and Sumitomo Mitsui Banking Corporation. The company aims to establish an eco-friendly and socially responsible 1 GW data center infrastructure platform.
