India’s Adani Enterprises says JV raises US$213 million to build data centres

INDIA’S Adani Enterprises said on Friday (Jun 23) that a joint venture with private data centre operator EdgeConneX has raised US$213 million to fund its under-construction data centres.

The capital will be used to finance two data centres in the cities of Chennai and Noida, with an aggregate capacity of 67 megawatts (MW), the company said in a statement.

The JV, called AdaniConneX, will seek to build a 1 GW clean energy data centre platform by 2030, with investments planned across the country, the company added.

Lenders including ING Bank, Mizuho Bank, MUFG Bankd, Natixis, Standard Chartered Bank, and Sumitomo Mitsui Banking Corporation have committed to the financing facility. REUTERS