AdaniConneX, a joint venture between Adani Enterprises and US-based EdgeConneX, has successfully raised up to $1.44 billion (approximately ₹11,520 crore) to support its ambitious plans for green data centers, the company announced on Sunday.
The financing includes an initial commitment of $875 million, with an option to extend the total commitment to $1.44 billion. This latest transaction boosts AdaniConneX’s construction financing pool to $1.65 billion, following an earlier construction facility of $213 million secured in June 2023.
Jeyakumar Janakaraj, CEO of AdaniConneX, commented on the achievement, stating, “This successful exercise reflects our collective commitment to establishing sustainable and robust digital infrastructure, setting new benchmarks in the industry.” He emphasized that construction financing is a key component of AdaniConneX’s capital management strategy, enabling the delivery of data center solutions rooted in sustainability and environmental responsibility.
The upcoming data center facilities will utilize advanced technologies and renewable energy solutions to reduce their ecological footprint while enhancing operational efficiency. The sustainability-linked financing highlights AdaniConneX’s dedication to fostering a safety-first culture, achieving world-class power usage effectiveness (PUE), and leveraging renewable energy resources.
The financing initiative is structured as a syndicated guarantee-backed assurance program aligned with the project’s procurement strategy. AdaniConneX has established agreements with eight international lenders, including ING Bank N.V., Intesa Sanpaolo, KfW IPEX, MUFG Bank Ltd., Natixis, Standard Chartered Bank, Société Générale, and Sumitomo Mitsui Banking Corporation.
Access to this substantial liquidity will accelerate the implementation of AdaniConneX’s portfolio assets, in line with the growing demand for digital infrastructure. This innovative financing approach represents a significant advancement toward building sustainable digital infrastructure, which will contribute to economic growth and propel India’s digital transformation.
