Dec 22, 2022 | Posted by MadalineDunn
Scala Data Centers has announced that it has issued green debentures worth R$2 billion (US$378m), with a maturity of five years. This is the largest green financing in Brazil and the first of its kind in Brazil's data center industry. According to the company, it will be used to finance Scala's expansion plan, which is 100% driven by sustainable initiatives, and will see the development of data centers with technologies that increase energy efficiency, achieving an average annual PUE (Power Usage Effectiveness) of less than 1.40.
Speaking about this issuance, Marcos Peigo, CEO and co-founder of Scala, said its successful green debentures offering "reflects the confidence of investors and the market in our clean data center expansion plan." He explained that Scala is guided by an innovative, long-term, and sustainable strategy, which makes green financing "especially meaningful" to the company.
Adding: "These green proceeds will be a new source of capital to fund our data centers, which are currently under construction, and support our bold growth plan for Brazil and Latin America in the coming years."
Peigo outlined that the company already uses 100% renewable and certified energy in its operations, neutralizes its carbon emissions and promotes professional and educational qualification initiatives in the communities where it operates.
Ana Romantini CFO at Scala, commented: "We opened the offering process with the participation of more than 15 national and international banks, and we ultimately raised more than R$ 4.5 billion. We were pleased to see such strong demand and support for our vision, underscoring the market's appreciation for Scala's sustainable growth strategy."
Meanwhile, Caio Andrade, Head of ESG at Bradesco BBI, said: "This was the largest issuance of green debentures in the country, which once again demonstrates Scala's commitment to making a positive environmental impact."
