AdaniConneX secured financial closure for its maiden construction facility by entering the Financing Framework, raising $213 million for its under-construction data center 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 in a 1 GW Green Data Center platform, enabling hyperscale to hyperlocal investments across the country.
AdaniConneX’s development agenda is institutionalized through Platform Infrastructure Financing through the Framework Agreement with international lenders. Commitments from ING Bank N.V., Mizuho Bank, MUFG Bank, Natixis, Standard Chartered Bank, and Sumitomo Mitsui Banking Corporation strengthen the strategy, enabling fast-tracked implementation of under-construction asset portfolios.
Construction facility funds Chennai and Noida data center projects, offering customized enterprise colocation and hyperscale solutions. Chennai’s 17 MW Phase 1 campus is pre-certified, while Noida’s 50 MW capacity supports hyperscale expansion needs.Mr Jeyakumar Janakaraj, CEO of AdaniConneX, said, “The construction facility is the key ingredient of AdaniConneX capital management plan, providing the pathway for us to deliver on-time a reliable and sustainable data centercapacity of1 GW by 2030.”
