INTELLIGENT BRANDS // Data Centers
Vantage Data Centers awarded green loan for VA13 facility in Northern Virginia
Vantage Data Centers , a leading global provider of hyperscale data center 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 center located in Northern Virginia .
The loan was structured and arranged by Societe Generale , one of Europe ’ s leading investment banks offering sustainable and positive impact solutions , including green financing options .
VA13 will be a 44MW data center located on Vantage ’ s 42-acre , 146MW mega campus in ‘ Data Center Alley .’ 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 center on the campus , which will total more than one million square feet across five facilities once fully developed .
The campus features many unique sustainable attributes , including hyper-efficient cooling with outside air economization using minimal water , outdoor lights powered by solar and wind energy sources , solar-powered electric vehicle charging stations and droughtresistant landscaping .
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 ).
“ Not only does this green loan expedite our pursuit of sustainable solutions for data centers , but it adds to the diversity of Vantage ’ s funding vehicles , enabling us to move quickly alongside customer demand ,” said Sharif Metwalli , Chief Financial Officer 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 prioritize speed without sacrificing sustainability . Given its many benefits , we anticipate leveraging green financing for future developments as we continue expanding our footprint globally .”
“ Vantage is committed to reaching net zero carbon emissions by 2030 and this loan gets us even closer to actualizing our goal ,” said Amanda Sutton , Senior Director of Sustainability , Vantage Data Centers .
“ 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 .” p
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