Data Center News

European Investment Bank Loans OVHcloud €200m

OVHcloud has secured a €200 million ($208m) loan from the European Investment Bank (EIB). The loan will be used to fund future developments. OVHcloud's goal is to provide a sustainable cloud service alternative in Europe to replace US cloud providers. It aims to support European privacy standa...

November 25, 2022

OVH Group

Singapore authorities to begin taking applications for new data centers

Singapore has announced the end of its data center moratorium and is now accepting new applications for facilities, following Infocomm Media Development Authority (IMDA) and Economic Development Board's (EDB) pilot scheme launch. The moratorium was originally put in place back in 2019 due to S...

July 22, 2022

Singapore

Evolution Data Centres (EvoDC) launches new Sustainable Data Centre Charter

Evolution Data Centres has announced the launch of its new Sustainable Data Centre Charter, through which it measures its entire operations, with the aim of minimizing carbon intensity and limiting water usage as the company grows. The charter includes the target of emitting 20 tonnes of carbo...

June 20, 2022

Singapore

RDA and MVGX partner for sustainable data center development

MetaVerse Green Exchange (MVGX), a crypto exchange regulated by the Monetary Authority of Singapore (MAS), has announced it is teaming up with AI firm Red Dot Analytics, for carbon measurement and to offset tropical data centers.Singapore implemented a three-year moratorium on new data center ...

May 23, 2022

Singapore

SGTech's response to Singapore's data center quota

Although back in 2019, Singapore introduced a data center moratorium following concerns around energy supplies, in 2022, this moratorium was lifted - with conditions. Part of these conditions was that the country would be more selective over future data center projects. Further details around...

April 11, 2022

Singapore

Singapore and Silicon Valley tie second place in data center rankings

According to Cushman & Wakefield's 2022 Global Data Center Market Comparison report, Singapore now ties with the US's Silicon Valley in its league table of the top data center markets. This means that Singapore is now the top market for data centers in Asia-Pacific, beating Hong Kong (6th ...

February 03, 2022

Singapore

Singapore's moratorium on new data center builds lifts, but what's next?

This week, Singapore's Trade and Industry Minister made an announcement that the country's moratorium on new data center builds, which was introduced back in 2019. Minister Gan Kim Yong said that going forward, a "more selective" approach to new builds will be taken.In a written reply to a par...

January 17, 2022

Singapore

OVHcloud's solar PPA with EDF

OVHcloud has announced it has signed a 15-year renewable power purchase agreement (PPA) with EDF Renewables, whereby the energy company will supply electricity from its 50MW solar power plant, located in the south of France. The solar plant is expected to be operational by 2024“We are proud to...

December 15, 2021

OVH Group

OVHcloud goes public

OVHcloud has finally been listed on the stock exchange in France. It went public on the Euronext Paris stock exchange. The company’s opening market capitalization was €3.48 billion ($4bn). It also raised €400 million ($469m). OVHcloud opened at €18.50 per share, dipped slightly, but its sha...

October 18, 2021

OVH Group

OVHcloud suffers outage affecting global backbone

French colocation and cloud provider OVHcloud has experienced a global outage. The company experienced an outage that lasted more than one hour when it started at around 7:00 UTC. OVH revealed that a maintenance reconfiguration error caused it. Besides, OVHcloud’s status page was brought down ...

October 13, 2021

OVH Group

Strasbourg fire could cost OVHcloud €105 million ($122m)

OVHcloud could be seeing up to €105 million ($122m) leave its coffers because of the fire that destroyed its Strasbourg data center in March. The document the firm filed with a French financial authority is responsible for revealing this. Although insurance has covered most of the cost of t...

October 01, 2021

OVH Group

OVHcloud plans to raise €400 million ($469m) in new IPO

According to the Wall Street Journal, French data center and cloud services provider OVHcloud plans to raise €400 million ($469m) in an IPO in Paris, France. According to the reports from WSJ, the listing could see the Company’s value rise to over $4.7 billion. OVHcloud was founded in 1999 ...

September 22, 2021

OVH Group

OVHcloud to go public by end of 2021

OVHcloud has officially confirmed that it would be going public on the Euronext stock exchange. Although OVHcloud hasn’t confirmed the date, but it will happen before the year runs out. Also, it did not say how much it expects to raise through the IPO, but it said the founder’s family, Octave...

June 16, 2021

OVH Group

Singapore government and Facebook back $S17m project for sustainable tropical data centers

It has been announced that social media giant Facebook and the Singapore government are joining forces to fund a $17 million (S$23m) project to address the need to boost the number of sustainable data centers built in tropical climates. The programme is also being funded by Singapore's Nationa...

June 16, 2021

Singapore

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