Vantage Data Centers: Vantage secures green loan for Virginia data enter

Jul 19, 2022 | Posted by MadalineDunn

Vantage Data Centers has announced that it has secured a $300 million green loan for its upcoming 44MW sustainability-designed data center in Virginia. Structured and arranged by Societe Generale, the loan recognizes the facility’s sustainable features and will, according to the company, “expedite” its pursuit of sustainable solutions for its data centers. 

The campus features a number of sustainability features, including cooling that uses minimal water, outdoor lights powered by solar and wind energy sources, solar-powered electric vehicle charging stations, and sustainable landscaping.

Discussing the company’s sustainability vision for the company, Amanda Sutton, Vantage’s senior director of sustainability, commented: “As our understanding of sustainability continues to mature, we are able to broaden the definition past merely considering energy efficiency, renewable energy, and water conservation for our facilities and projects.” Further to this, she said: “Considerations about how our facilities interact in the broader ecosystem of a community become integrated into how we design and build each data center campus to deliver sustainable outcomes that are both intentional and impactful.”

Speaking about what the loan means for the company, Sharif Metwalli, chief financial officer at Vantage Data Centers, said: “Partnering with hyperscalers often entails rapid development, which can bring a substantial impact on the environment, but with this loan, we have the flexibility to prioritize speed without sacrificing sustainability.” Adding: “Given its many benefits, we anticipate leveraging green financing for future developments as we continue expanding our footprint globally.”

This facility will be the third on the 42-acre campus in Ashburn, Loudoun County, which, when completed, will span more than one million square feet across five facilities.

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