AdaniConnex Sets Construction Financing Framework of $1.44 Billion for Data Center Projects

AdaniConneX has set the benchmark with a construction financing framework of USD 1.44 billion to develop data center projects in  India. It is considered India’s largest sustainability-linked financing. Furthermore, eight international lenders participated in the sustainability-linked loan facility.

The upcoming data center facilities will employ state-of-the-art technologies and renewable energy solutions to minimize the ecological footprint while optimizing operational efficiency. The sustainability-linked financing reinforces AdaniConneX’s commitment to driving a safety-first culture and delivering world-class power usage effectiveness (PUE) by adopting global best practices and leveraging renewable energy resources.

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A key feature of the facility is the innovative solution of a syndicated guarantee-backed assurance program in sync with the project's procurement strategy. Definitive agreements have been executed with eight international lenders: ING Bank N.V., Intesa Sanpaolo, KfW IPEX, MUFG Bank Ltd., Natixis, Standard Chartered Bank, Société Générale and Sumitomo Mitsui Banking Corporation.

The financing will provide access to a wide pool of liquidity, strengthening the company’s strategy to fast-track the implementation of portfolio assets in sync with accelerating demand. This transformative approach to financing is a significant step towards building sustainable digital infrastructure that will fuel economic progress and accelerate India’s digital growth. The fund will be used to bolster Adani Connex's data center infrastructure.

What is a Construction Financing Framework?

A construction financing framework is a financial structure that facilitates the funding of construction projects. It involves comprehensive risk assessment, understanding of legal and regulatory frameworks, meticulous planning, and structuring of the financial model to ensure the sustainability and profitability of the project.

Such a framework is a core element of capital management plans, enabling the delivery of solutions firmly rooted in sustainability and environmental stewardship. It involves collaboration with international banking partners and other stakeholders. The successful establishment of such a framework is a testament to the collective resolve of the parties involved to meet the challenges of establishing sustainable and robust infrastructure.

Read: Amazon to Invest $11 Billion to Build Data Centers in Indiana, USA

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