AtlasEdge, a prominent European data centre provider, has secured €253 million in green financing to advance its cutting-edge data centre campus in Lisbon, Portugal. The 7-year senior secured Term Bond facility is structured into two tranches to support different construction phases.
- Facility A: €63 million allocated for the development of LIS001
- Facility B: €190 million dedicated to the construction of LIS002
With Banco Santander and ING as bookrunners and ING also serving as the Sole Sustainability Coordinator, this sustainability-linked facility aligns with Portugal's thriving renewable energy sector. Renowned as the fourth-largest global producer of solar and wind power, Portugal stands as a beacon for AtlasEdge's sustainability targets, focusing on energy efficiency and complete utilisation of renewable energy.
The Lisbon campus, set to deliver 30MW across three phases, witnessed the launch of LIS001 today, with its capacity firmly contracted by top-tier clients. Service activation is anticipated by the end of 2025, while LIS002 remains in the planning stages targeting readiness by 2028.
AtlasEdge has expanded its footprint by acquiring a 10,000 square-metre plot adjacent to LIS002, paving the way for the LIS003 data centre addition. This strategic acquisition brings the total project potential to 30MW and exemplifies the company's commitment to providing more than 150MW of capacity to Europe in the coming years.
Lisbon, with its thriving tech ecosystem and strategic proximal location less than 10km from the Carcavelos submarine cable landing station, offers low-latency connectivity across multiple continents, underpinning its status as a pivotal digital gateway in the region.
Recognising Portugal as a critical market, AtlasEdge plans to invest over €500 million in the country shortly, as part of its broad strategic initiative across the Iberian Peninsula. The company's leadership voices echoed this ambition, highlighting the significance of this financing and the potential of the Lisbon campus.
