AdaniConneX achieved financial closure through its maiden construction facility by entering into Financing Framework, raising USD 213 Mn for its under-construction data center asset portfolio. 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.
India’s data center market is expected to double from 870 MW in FY22 to 1700-1800 MW by FY25. AdaniConneX is investing capital in a 1 GW Green Data Center platform, enabling hyperscale to hyperlocal investments across the country.
Platform Infrastructure Financing through the Framework Agreement with international lenders will institutionalize the development agenda. Commitments from ING Bank N.V., Mizuho Bank, MUFG Bank, Natixis, Standard Chartered Bank, and Sumitomo Mitsui Banking Corporation support the facility’s development.
Construction facility funds two data center projects in Chennai and Noida, offering customized enterprise colocation and hyperscale solutions. Mr Jeyakumar Janakaraj, CEO of AdaniConneX said, “The achievement marks a significant milestone in developing this transformative initiative, which is set to revolutionize the digital infrastructure in India.”
