From Data Center Dynamics, April 29:
Financing has initial commitment of $875m
AdaniConneX, the joint venture (JV) between Adani Enterprises and EdgeConneX, is set to raise up to $1.44 billion in sustainability-linked financing.
The JV, which was formed to develop data centers across India, will use the funding for future data center facilities. The deal will bring its financing pool to a total of $1.65bn, following a $213 million raise conducted in June 2023.
The funding has an initial commitment of $875m, which can be increased to $1.44bn, and is tied to sustainability goals. The JV says has committed to the facilities having "world-class" power usage effectiveness (PUE) ratings.
Thus far, definitive agreements have been signed with ING Bank N.V., Intesa Sanpaolo, KfW IPEX, MUFG Bank Ltd., Natixis, Standard Chartered Bank, Société Générale and Sumitomo Mitsui Banking Corporation to contribute to the fundraising....
....MUCH MORE
