AdaniConneX, a partnership between AdEnterprises and EdgeConneX, has successfully secured a monumental financing agreement worth up to $1.44 billion to fund the establishment of data centre facilities in India. This significant transaction, which includes an initial commitment of $875 million with the potential to extend up to $1.44 billion, marks a major milestone for AdaniConneX.
The company's construction financing pool now stands at $1.65 billion, building on a previous construction facility of $213 million that was executed in June 2023. AdaniConneX aims to leverage this funding to develop cutting-edge data centre facilities that prioritize sustainability and operational efficiency, utilizing advanced technologies and renewable energy solutions to reduce the ecological footprint associated with digital infrastructure.Their commitment to environmental stewardship is evident in the execution of definitive agreements with eight international lenders, including ING Bank NV, Intesa Sanpaolo, KfW IPEX, MUFG Bank Ltd, Natixis, Standard Chartered Bank, Societe Generale, and Sumitomo Mitsui Banking Corporation. These partnerships highlight a collective effort to set new industry benchmarks and establish sustainable digital infrastructure.
Jeyakumar Janakaraj, the CEO of AdaniConneX, expressed enthusiasm about embarking on this journey with their esteemed international banking partners to create a data center solution grounded in sustainability. The core focus on construction financing is integral to AdaniConneX's capital management strategy, allowing them to deliver innovative data centers that prioritize environmental consciousness and operational excellence. Through their collaborative efforts with banking partners and legal advisors, AdaniConneX is poised to push boundaries in establishing sustainable and robust digital infrastructure in India and beyond.