AdaniConneX secured financial closure in Ahmedabad, India, by entering the Financing Framework and raising $213 million for its under-construction data center assets portfolio. The facility will finance two data centers with a combined capacity of 67 MW, including Chennai 1 and Noida.
India’s data center capacity is expected to double from 870 MW in FY22 to 1700-1800 MW by FY25. AdaniConneX is investing capital to build a 1 GW Green Data Center platform, enabling hyperscale to hyperlocal data center investments across the country. AdaniConneX’s development agenda is institutionalized through Platform Infrastructure Financing through the Framework Agreement with international lenders.
Committed to the facility, ING Bank N.V., Mizuho Bank, MUFG Bank, Natixis, Standard Chartered Bank, and Sumitomo Mitsui Banking Corporation provide liquidity access, strengthening the strategy to fast-track under-construction asset portfolio implementation. Construction facility funds Chennai and Noida data center projects, providing customized enterprise colocation and hyperscale solutions. Chennai 1 has 17 MW Phase 1 capacity, while Noida’s 50 MW capacity supports hyperscale customer expansion. 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.”