EdgeConneX, known for its innovative Build-to-Suit and Build-to-Density solutions, has announces a $1.9 billion funding boost in sustainability-linked financing, aiming to expand its digital infrastructure across EMEA.
This increase brings EdgeConneX’s green investments to over $7 billion in the past two years, ensuring its commitment to sustainability alongside digital growth.
The latest financing positions EdgeConneX for substantial growth in the EMEA region, responding to the robust global demand for cloud and AI infrastructure.
With more than 20 facilities across Europe, the company’s expansion is fueled not only by financial backing but also by a dedication to sustainable development.
The financing includes sustainability-linked margin adjustments, which tie the interest rate to EdgeConneX's success in achieving specific environmental goals, such as carbon neutrality and the use of renewable energy in data centers by 2030.
Joe Harar, CFO at EdgeConneX, commented on the transaction’s importance:
“This financing not only reaffirms our leadership in data center development but also our dedication to sustainable growth. It’s a pivotal step towards our goal of leading the industry in environmental responsibility.”
Eelco Holst, Senior Vice President of Corporate Finance at EdgeConneX, opined:
“This deal is a testament to our innovative approach to sustainability in the data center industry, achieved through strong lending relationships and collaboration.”
Additionally, EdgeConneX's sustainable efforts have earned it the top rank in the Structure Research 2023 State of Environmental Impact report and two Project Finance International (PFI) awards, including the 2023 Digital Deal of the Year. These accolades highlight the company's effective integration of financial strategy and environmental stewardship.
Conclusion
EdgeConneX's latest sustainability-linked financing round will serve as a catalyst for expanding its digital infrastructure in the EMEA region, while also setting new standards for sustainable development in the data center industry.
