Adani JV raises $213 mn for 2 data centre projects

New Delhi AdaniConneX, a joint venture between Adani Enterprises and EdgeConneX (ECX), has secured a $213 million debt facility for its under-construction data centre asset portfolio. The facility will finance two data centers with an aggregate capacity of 67MW that includes ‘Chennai 1’ campus with Phase-1 of 17 MW, and Noida campus of 50 MW. “AdaniConneX achieved financial closure through its maiden construction facility by entering into Financing Framework, raising $213 million for its under-construction data centre asset portfolio,” a statement said.

As per Crisil estimates, the data centre capacity in India is expected to double from about 870MW in FY22 to 1700-1800 MW by FY25. “AdaniConneX is investing capital with a mission to build a 1GW Green Data Centre platform, enabled by hyperscale to hyperlocal data centre investments across the country,” the statement added.