AdaniConneX, a 50:50 joint venture between Adani Enterprises and EdgeConneX, has sealed the largest data center financing deal in India to expand its data center portfolio.
The green data center provider raised $213 million from international banks for the construction financing facility, which will fund two data centers totaling 67 megawatts in Noida and Chennai. These include the Chennai 1 campus, with phase one of 17 megawatts, and the 50-megawatt Noida campus.
India is one of the fastest-growing data center markets in the world, and the data center capacity in India is expected to double from around 870 megawatts in fiscal year 22 to 1,700–1,800 megawatts by fiscal year 2025. To address this growing demand, AdaniConneX is aiming to build a 1-gigawatt green data center platform, enabled by hyperscale to hyperlocal data center investments across the country, by 2030.
“The construction facility is the key ingredient of AdaniConneX capital management plan, p
