EdgeConneX Secures USD 1.9 Billion in Sustainability-Linked Financing for EMEA Expansion

EdgeConneX said the financing consolidates the company's portfolio across EMEA, transitioning it from stand-alone project-based funding to a more robust structured corporate debt package.

Highlights

  • EdgeConneX secures additional USD 1.9 billion in sustainability-linked financing.
  • Investment to support EMEA expansion and meet cloud and AI infrastructure demand.
  • Financing ties interest rate to sustainability objectives, aiming for carbon neutrality by 2030.

Follow Us

EdgeConneX Secures USD 1.9 Billion in Sustainability-Linked Financing for EMEA Expansion
EdgeConneX has secured additional substantiality-linked financing to accelerate its digital infrastructure expansion. The company announced this week that it has secured an additional USD 1.9 billion in sustainability-linked financing to support its EMEA (Europe, Middle East, and Africa) expansion. EdgeConneX will invest in the construction and development of new data center facilities to meet the growing demand for cloud and AI infrastructure in the region.

Also Read: EdgeConneX Secures USD 403.8 Million Financing to Expand Data Centers in Jakarta




Financing for Sustainable Growth

EdgeConneX said the financing consolidates the company's portfolio across EMEA, transitioning it from stand-alone project-based funding to a more robust structured corporate debt package. This latest transaction provides EdgeConneX with enhanced financial flexibility and a greater capacity to support projected growth throughout the EMEA region.

Commitment to Green Infrastructure

The financing arrangement ties the interest rate to EdgeConneX's sustainability objectives. The company aims to achieve carbon neutrality, eliminate its waste and water footprint, and power all its data centers with renewable energy sources by 2030.

"The reception of this transaction reconfirms our status as an industry-leading data center developer and operator and reinforces our belief that responsible growth and operational excellence go hand in hand. It showcases our ability to replicate this success on a global scale," said EdgeConneX.

"This is a significant milestone in our journey towards leading the industry in sustainable practices, and we are excited about the future possibilities this opens up for EdgeConneX and our stakeholders."

Also Read: EdgeConneX Enters Malaysia With Plans to Build Nearly 300 MWs of Data Center Capacity

EdgeConneX Presence

EdgeConneX has a European footprint of over 20 facilities across Belgium, Germany, Ireland, Israel, Netherlands, Poland, Spain, and continues to expand its presence in the region with facilities in Germany and Turkey coming soon.

The company previously secured USD 2.9 billion in sustainability-linked financing in October 2022. The latest transaction takes the company's total green investments to over USD 7 billion over the last two years to support infrastructure growth, the company said.

Reported By

Telecom Analyst

Passionately following the Indian #Telecom Industry for over a decade from Business, Consumer and a Technical perspective. My primary focus area is Consumer & Digital Experience.

Recent Comments

Faraz :

Yes but funds are still not enough. They will Target few big cities in each circle complying minimum roll-out terms…

Vodafone Idea's Massive Fundraising: Is it a Fresh Start for…

TheAndroidFreak :

They have bought 50Mhz of N78 everywhere.

Vodafone Idea's Massive Fundraising: Is it a Fresh Start for…

Faraz :

They have more than 40 percent 2G customers. Unless their percent of 2G customer falls below 10, they can't afford…

Vodafone Idea Needs Tariff Hikes: Analysts

Faraz :

I like this article and agree with it. With this investment Vi might buy some spectrum this auction and start…

Vodafone Idea's Massive Fundraising: Is it a Fresh Start for…

Faraz :

but vodafone, British company has more stake in Vi ( around 32 percent ) while idea owns only 19 percent.…

Vodafone Idea Will Stage a Smart Turnaround: Birla

Load More
Subscribe
Notify of
0 Comments
Inline Feedbacks
View all comments