EdgeConneX raises $403.8 million in green financing to drive sustainable expansion

EdgeConneX®, a leader in global Hyperlocal to Hyperscale Data Centre Solutions, has announced the successful execution of the deal in Sustainability-Linked Senior Facilities. This significant transaction accelerates the company’s expansion plans and green initiatives for its Jakarta, Indonesia data centre presence.

This landmark deal signals a pivotal moment for EdgeConneX, setting the stage for enhanced sustainability capabilities, including improved power efficiency, increased use of renewable energy sources, and enhanced safety measures. These advancements will play a pivotal role in the development of multiple data centres in the region, ultimately expanding the Indonesian hyperscale campus in Jakarta to over 120MWs.

Leveraging EdgeConneX Sustainability Strategy, the innovative deal includes Offshore U.S. Dollar borrowing. This format provides for margin adjustments when EdgeConneX meets certain Key Performance Indicators (KPIs) concerning the Power Usage Effectiveness (PUE) of its data centres, the use of renewable electricity, and achieving safety goals. These KPI targets align with EdgeConneX Customer, People, Planet strategy, which includes a holistic sustainability policy supporting the company’s goal of becoming a carbon-, waste- and water-neutral data centre provider by 2030. This forward-leaning plan includes EdgeConneX developing and operating a data centre platform powered by 100% renewable energy.

“Indonesia has a forward-looking agenda in the areas of industrialisation, decarbonisation, affordable and high-quality education, economic equity, digitalisation, and infrastructure. Therefore, state-of-the-art facilities like those developed by EdgeConneX are crucial in attracting and fostering connectivity, cloud computing, artificial intelligence (AI), and other critical IT applications from leading companies. By continually promoting an ecosystem of cutting-edge technology, Indonesia’s economy will continue to grow rapidly. Importantly, this progress will be achieved with a strong commitment to sustainability, ensuring a greener and more resilient future.” – Luhut Binsar Pandjaitan, Coordinating Minister of Maritime Affairs and Investment of Indonesia

“We are extremely grateful to our customers who are driving the demand for the significant data centre capacity expansions necessary to support the digital economy of Indonesia. We are also grateful for our local partners’ support in Jakarta. We couldn’t execute our vision to become Indonesia’s premier data centre operator without their capabilities, local relationships, and market expertise that they bring.” – Randy Brouckman, Chief Executive Officer and Co-founder of EdgeConneX

“This financing unlocks increased flexibility and provides EdgeConneX with the rapid funding capacity to support our customers’ custom-built data centre solutions globally. With nearly $5 billion raised over the last 18 months, we are well established to execute upon our existing data centre expansions and strongly positioned to secure land quickly and the necessary resources to support our customers’ data centre requirements in the future.” – Joe Harar, Chief Financial Officer of EdgeConneX

“As we embrace the digital era, Indonesia is witnessing a transformative shift in economic growth. By enabling the digital economy through expanded cloud computing and data centre infrastructure such as in the EdgeConneX facilities, we are unlocking new doors of opportunity, empowering businesses, and propelling our region towards a brighter future.” – Wewoen Willyani Salim, Director at Indies Capital Partners

“Entry into Indonesia gives EdgeConneX presence in three of the largest countries in the world outside the United States. Indonesia has strong demographics, a rapidly rising homegrown technology sector, and in-country hyperscale infrastructure, and it is early in the adoption curve for outsourced infrastructure services like cloud and data centres. Indonesia has tremendous long-term upside, and Jakarta is central to this growth. Indonesia is home to all the major US and Chinese hyperscale clouds, and an emerging social media and webscale tier that will combine to create incredible volumes of demand for hyperscale data centres.” – Philbert Shih, Founder and Managing Director of Structure Research.

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