Scala Data Centers Secures Funding for Major Infrastructure Projects
Scala Data Centers Secures Major Funding for Infrastructure Projects
The recent funding secured by Scala Data Centers represents a pivotal moment for the company's expansion strategy. By obtaining a notable USD 328 million in financing, Scala is poised to enhance the construction of three advanced hyperscale data centers alongside the Nova Lampa substation. This strategic investment propels Scala's mission to establish a robust digital infrastructure that serves the growing demands of the region.
Strategic Investment for Sustainable Infrastructure
This funding will primarily support the construction of three state-of-the-art data centers designed to cater to the increasing demand for digital services. Scala aims to position these facilities as key components of a sustainable digital ecosystem, affirming its commitment to environmental sustainability and efficient energy use. The inclusion of the Nova Lampa substation is particularly important, as it will ensure the reliable delivery of renewable energy to support these new facilities.
Financial Backing and Consortium Support
Scala's achievement can be attributed to strong backing from a consortium of prestigious global banks. The funding structure has been uniquely designed to enhance compliance, transparency, and operational discipline. With this financing, Scala secures a sound foundation for its ambitious growth plans, validating its reputation as a leading player in Latin America’s digital infrastructure market.
Advancing Technological Capabilities
The project is focused on enhancing Scala's footprint in critical locations, including Curauma, Lampa, and Huechuraba 2. By advancing operations in these areas, Scala is not only providing essential IT capacity but is also setting a precedent for sustainable growth. Contracts for 23 megawatts of IT capacity signify a substantial commitment to future expansions and developments in collaboration with major hyperscale clients.
Innovative Financing Models
Unlike many transactions typically structured through special vehicles, Scala's innovative approach utilized its existing corporate structure in Chile. This move demonstrates the company’s maturity in navigating complex financial landscapes while adhering to rigorous governance standards. The successful execution of this deal highlights Scala's performance and readiness for future opportunities in the infrastructure sector.
Creating Jobs and Economic Opportunities
As construction progresses, Scala aims to contribute significantly to local economies by creating thousands of direct and indirect jobs. The enhanced infrastructure is anticipated to position the region as a vital digital hub, facilitating increased connectivity between Latin America and the Asia-Pacific region. This is especially important in light of the accelerating demand for cloud services and artificial intelligence technologies.
Recognition for Innovative Efforts
The significance of this financing deal has not gone unnoticed, earning Scala recognition as the "Digital Infrastructure Deal of the Year" in Latin America. This accolade underscores the innovative nature and impact of the project, further solidifying Scala's standing in the realm of sustainable infrastructure.
Commitment to Environmental and Social Governance
Aligned with its ESG commitments, the new facilities will operate entirely on certified renewable energy, adhering to strict efficiency metrics and waste management protocols. This commitment extends beyond merely meeting operational standards; Scala is dedicated to ensuring a positive local impact through job creation and community engagement initiatives.
Continuing Plans for Expansion and Innovation
Scala Data Centers continues to diversify its funding sources through innovative financial instruments. Expecting continued growth, Scala has successfully executed several leaseback operations, contributing significant capital for operational enhancements. Moreover, Scala has established itself as a frontrunner in sustainable financing, issuing over USD 803 million in green bonds, cementing its status as a leader in the data center sector.
Frequently Asked Questions
What is the significance of Scala's recent funding?
The recent funding of USD 328 million will bolster Scala's construction efforts on three data centers and a power substation, significantly enhancing digital infrastructure.
Which banks backed Scala's financing deal?
The deal was backed by a consortium including MUFG, SMBC, BNP Paribas, and Natixis, ensuring strong financial support.
What are Scala's sustainability commitments?
Scala's new sites will operate on 100% renewable energy, incorporating zero-waste water practices and high energy efficiency standards.
How does this project affect local economies?
The construction phase is expected to generate thousands of jobs, contributing significantly to local and regional economic growth.
What recognition has Scala received for its projects?
Scala received the "Digital Infrastructure Deal of the Year" award, highlighting the complexity and innovation of its financing arrangement.
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