Oct 18, 2022 | Posted by MadalineDunn
EdgeConneX has reportedly secured $150 million in sustainability-linked financing for its expansion in Latin America. This follows the company obtaining a series of sustainability-linked financings earlier in 2022 totaling $1.7 Billion.
The loan facility promotes EdgeConneX's sustainability objectives, to become a carbon, waste and water-neutral data center provider by 2030, and incentivizes outperformance on the data centers' energy efficiency, renewable energy consumption, and environmental certification.
"This is a landmark transaction in the digital infrastructure space in Latin America, as combined green loan principles and sustainability-linked loan principles are considered to be the first combination sustainability data center financing in the Latin American market," said Joe Harar, CFO at EdgeConneX. Adding: "This latest funding provides EdgeConneX with the backing necessary to continue its regional expansion in Latin America and to do so in a sustainability-minded way."
