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Vantage awarded $300m green loan for VA13 data centre

Image credit: Vantage Data Centers

Vantage Data Centers has closed on a $300 million USD ‘green loan’ for the sustainable design features of its VA13 data centre in Northern Virginia.

The green loan, which was structured and arranged by Societe Generale, required Vantage to meet certain sustainability criteria, such as water conservation and carbon emissions reduction, as well as achieving a low Power Usage Effectiveness (PUE).

Located on Vantage’s 42-acre, 146MW mega campus in ‘data centre alley’ in Ashburn, Virginia, VA13 will be a 44MW, 365,000 sqft facility, scheduled to be operational in autumn of 2022.

VA13 will be the third data centre on the campus, which according to Vantage, features a variety of sustainable attributes – including hyper-efficient cooling with outside air economisation using minimal water, outdoor lights powered by solar and wind energy sources and drought-resistant landscaping.

“Not only does this green loan expedite our pursuit of sustainable solutions for data centres, but it adds to the diversity of Vantage’s funding vehicles, enabling us to move quickly alongside customer demand,” said Sharif Metwalli, CFO at Vantage Data Centers.

“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 prioritise speed without sacrificing sustainability. Given its many benefits, we anticipate leveraging green financing for future developments as we continue expanding our footprint globally.”

Amanda Sutton, Senior Director of Sustainability, Vantage Data Centers, added, “Vantage is committed to reaching net zero carbon emissions by 2030, and this loan gets us even closer to actualising our goal.

“Vantage’s dedication to sustainable operations made us an ideal candidate for this loan, and it’s just one more step in our journey to positively impact climate change.”

Vantage previously obtained a $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 Quebec City campus.

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