Several corporations with extensive data centers have committed to green energy initiatives. In addition, funding sources are now pushing sustainability forward as well. The following is an excerpt from our friends at Data Center Frontier.
Greener Capital: Aligned Lines up $1 Billion for Expansion
Sustainability-linked loan structure ties terms to #ESG metrics.
Data center providers are used to discussing the sustainability requirements for their customers. Now there are similar conversations happening with their lenders.
An early beneficiary is Aligned, which has lined up a $1 billion credit facility using sustainability-linked financing, and will use the funds to expand its data center capacity. Aligned says it is the first data center company to use a sustainability-linked loan (SLL), in which the borrower earns a lower interest rate by hitting benchmarks for sustainable practices.
SOURCE : Data Center Frontier, Greener Capital.
Green Energy Initiatives and Data Centers
Digital Realty, a leading global provider of data center, colocation and interconnection solutions, is expanding its renewable energy and sustainability initiatives with a long-term power purchase agreement to source solar power for a portion of its Northern Virginia (#NOVA) portfolio and a utility green tariff to supply renewable power to its Oregon data center development project.
Microsoft is also on board with green energy initiatives. In January, Microsoft’s CEO Satya Nadella, President Brad Smith, and Chief Financial Officer Amy Hood launched a bold new environmental sustainability initiative focusing on carbon, water, waste and biodiversity. Microsoft plans to be carbon negative by 2030 and by 2050 remove from the environment more carbon than Microsoft has emitted since their founding.
Google will power its entire global information empire entirely with carbon-free energy by 2030, matching every hour of its data center operations to carbon-free energy sources according to Google’s CEO. This initiative will accelerate the data center industry’s shift to green power.