AdaniConneX, a joint venture between Adani Enterprises and EdgeConneX, has secured India’s largest sustainability-linked financing of up to $1.44 billion.

AdaniConneX has secured financing from various banks, increasing its construction financing pool to $1.65 billion. The initial commitment of $875 million will be used to build green data centers. These DCs will utilize advanced technologies and renewable energy to minimize environmental impact and optimize efficiency.

The company plans to construct nine data centers by 2030, with a collective capacity of 1 gigawatt, to meet India’s growing demand for digital services. The construction is nearly complete in Noida and Hyderabad facilities.

AdaniConneX has implemented a syndicated guarantee-backed assurance program to align with its project procurement strategy, supported by definitive agreements with eight global banks.

The company’s CEO, Jeyakumar Janakaraj, emphasized the strategic role of construction financing in achieving sustainable and green data center solutions.

ING Bank N.V., Intesa Sanpaolo, KfW IPEX, MUFG Bank Ltd., Natixis, Standard Chartered Bank, Societe Generale, and Sumitomo Mitsui Banking Corporation were tasked as Mandated Lead Arrangers.