Adani Enterprises, the flagship company of the Adani Group, one of India’s largest multi-infrastructure organizations, and EdgeConneX, a leading global data center operator with 50 facilities in 30 markets around the world, today announced the establishment of a 50:50 joint venture. The JV will develop and operate data centers throughout India, leveraging the two partners’ complementary expertise and capabilities. To address the rapidly growing need for high-quality and reliable IT infrastructure both organizations are committed to investing significant capital into the joint venture over the next decade to build out India’s leading green data center platform.
In addition to full scale data centers, AdaniConneX will also develop a portfolio of Edge data centers strategically located throughout India that will support the need for more proximate capacity. These Edge sites are designed and planned to easily scale with demand and become full scale data center campuses. Importantly, this pan-Indian platform of hyperscale and hyperlocal data centers will largely be powered by renewable energy.
Recently, Mr. Gautam Adani, Chairman, Adani Green Energy Limited said, “Over the past year we have accelerated our commitment to the Renewable Energy Space based on the new data that has become available. I fundamentally believe that the targets of renewable power will continue to be raised given the need as well as the affordability. We recognize that we have an opportunity to play a leading role on behalf of our nation as India establishes one of the fastest rates of decarbonization ever witnessed. Our partnership with Total and their experience puts us on an even stronger platform as we further expand on our sustainability ambitions.”
Adani has been making great strides in its installed renewable energy portfolio capacity. As per the recent results, post Dec 2020, AGEL commissioned 150 MW solar power plant at Kutchh, Gujarat powered by a tariff of Rs. 2.67/kWh.
Additionally, Adani also commissioned 50 MW solar power plant at Jaladabad in Uttar Pradesh with a tariff of Rs. 3.22/ kWh, commissioned 50 MW solar power plant at Sahaswan in Uttar Pradesh with a tariff of Rs. 3.19/ kWh, commissioned 25 MW solar power plant at Chitrakoot, Uttar Pradesh at a tariff – Rs. 3.08/kWh and signed an agreement to acquire 20 MW Operating Solar Asset in Mahoba, Uttar Pradesh at a tariff Rs. 7.54/KWh.
As a trusted provider of data center solutions to some of the largest and most demanding service providers in the world, EdgeConneX brings extensive data center expertise and industry-leading technology solutions to the venture.
“In Adani, we have the ideal partner in India,” said Randy Brouckman, CEO of EdgeConneX. “They possess the necessary capabilities and unique expertise in India required to build out critical digital infrastructure that can best support our customers across the entire country. We look forward to investing in the digital economy of India and meeting our customers’ needs throughout the region in collaboration with Adani.”
The partnership will leverage Adani’s expertise in full-stack energy management, renewable power and real estate development, as well as its experience in building and managing large infrastructure projects throughout India.
“One of the best manifestations of our Honorable Prime Minister’s Digital India vision is the speed with which the entire Indian population has come online and the subsequent continued exponential growth in data consumption,” said Gautam Adani, Chairman of the Adani Group. “India currently has one of world’s largest data subscriber population and to address the need for a reliable infrastructure to support Cloud, Content, Network, IoT, 5G, AI and enterprise requirements, data centers are a fundamental infrastructure need of a nation. The Adani Group brings to the table a unique combination of green power, real estate expertise, access to undersea cable landing stations, and several nodes across the country that will serve as edge locations. In addition to EdgeConneX’s domain expertise and cutting-edge technology in the data center business, we have been very impressed with the agility they bring to the joint venture.”
The AdaniConneX JV will focus on building a network of hyperscale data centers in India, starting with the Chennai, Navi Mumbai, Noida, Vizag and Hyderabad markets. Development and construction at these sites have already begun.