Vantage Data Centers, a leading global provider of hyperscale data centre campuses, has announced that it has closed on a US$300 million green loan in recognition of the sustainable design features of its VA13 data centre located in Northern Virginia. The loan was structured and arranged by Societe Generale, one of Europe\u2019s leading investment banks offering sustainable and positive impact solutions, including green financing options.<\/p>\n\n\n\n
VA13 will be a 44MW data centre located on Vantage\u2019s 42-acre, 146MW mega campus in \u2018Data Centre Alley.\u2019 The 365,000 square foot facility is currently under development and scheduled to be operational in the Autumn of this year. This will be the third data centre on the campus, which will total more than 1 million square feet across five facilities once fully developed. The campus features many unique sustainable attributes, including hyper-efficient cooling with outside air economisation using minimal water, outdoor lights powered by solar and wind energy sources, solar-powered electric vehicle charging stations and drought-resistant landscaping.<\/p>\n\n\n\n
In order to qualify for a green loan, recipients must generally meet specific criteria for their sustainability measures such as water conservation and carbon emissions reduction, as well as achieving a low Power Usage Effectiveness (PUE).<\/p>\n\n\n\n
Not only does this green loan expedite our pursuit of sustainable solutions for data centres, but it adds to the diversity of Vantage\u2019s funding vehicles, enabling us to move quickly alongside customer demand,\u201d said Sharif Metwalli, Chief Financial Officer at Vantage Data Centers.\u201cPartnering with hyperscalers often entails rapid development which can bring a substantial impact on the environment, but with this loan, we have the flexibility to prioritise speed without sacrificing sustainability. Given its many benefits, we anticipate leveraging green financing for future developments as we continue expanding our footprint globally.\u201d<\/p>\n\n\n\n
\u201cVantage is committed to reaching net zero carbon emissions by 2030 and this loan gets us even closer to actualising our goal,\u201d said Amanda Sutton, Senior Director of Sustainability, Vantage Data Centers. \u201cVantage\u2019s dedication to sustainable operations made us an ideal candidate for this loan and it\u2019s just one more step in our journey to positively impact climate change.\u201d<\/p>\n\n\n\n
This is Vantage\u2019s second successful execution of a de novo green loan. Previously the company obtained a US$68 million green loan as part of a multi-phase financing from Societe Generale to fund the development of a third 32MW facility on its growing Quebec City campus. This facility recently opened its doors to customers.<\/p>\n\n\n\n
\u201cAs the capital markets shift to green financing, we are thrilled to partner with Vantage to support its ongoing data centre developments,\u201d said Valtin Gallani, Director at Societe Generale Corporate and Investment Banking. \u201cWith this financing, Vantage is likely the first data centre operator in North America to issue a Project Specific Green Loan that is based on the Use of Proceeds and we\u2019re very excited to be part of Vantage\u2019s next chapter of growth.\u201d<\/p>\n","protected":false},"excerpt":{"rendered":"
Vantage Data Centers, a leading global provider of hyperscale data centre campuses, has announced that it has closed on a US$300 million green loan in recognition of the sustainable design features of its VA13 data centre located in Northern Virginia. The loan was structured and arranged by Societe Generale, one of Europe\u2019s leading investment banks […]<\/p>\n","protected":false},"author":21,"featured_media":18134,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[169,13,14,16,19,22,1034,43],"tags":[102,3520,3521,3522,94,3523,1174],"class_list":["post-18132","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-latest-threats-data","category-data-centres","category-digital-transformation","category-energy","category-features","category-green","category-north-america","category-top-stories","tag-data-centre","tag-data-centre-alley","tag-green-financing","tag-green-tech","tag-infrastructure","tag-societe-generale","tag-vantage-data-centers"],"acf":[],"publishpress_future_workflow_manual_trigger":{"enabledWorkflows":[]},"_links":{"self":[{"href":"https:\/\/www.intelligentcio.com\/north-america\/wp-json\/wp\/v2\/posts\/18132","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.intelligentcio.com\/north-america\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.intelligentcio.com\/north-america\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.intelligentcio.com\/north-america\/wp-json\/wp\/v2\/users\/21"}],"replies":[{"embeddable":true,"href":"https:\/\/www.intelligentcio.com\/north-america\/wp-json\/wp\/v2\/comments?post=18132"}],"version-history":[{"count":0,"href":"https:\/\/www.intelligentcio.com\/north-america\/wp-json\/wp\/v2\/posts\/18132\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.intelligentcio.com\/north-america\/wp-json\/wp\/v2\/media\/18134"}],"wp:attachment":[{"href":"https:\/\/www.intelligentcio.com\/north-america\/wp-json\/wp\/v2\/media?parent=18132"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.intelligentcio.com\/north-america\/wp-json\/wp\/v2\/categories?post=18132"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.intelligentcio.com\/north-america\/wp-json\/wp\/v2\/tags?post=18132"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}