AtlasEdge has secured €253 million in green financing for the LIS001 and LIS002 data centres on its campus in the Lisbon region. The announcement was made on Wednesday, alongside the inauguration of the first building, LIS001, located in Carnaxide, Oeiras, which already has customers installed and is fully contracted, with operations expected to begin by the end of the year.
The seven-year financing was structured in two phases: €63 million for LIS001 and €190 million for LIS002, with Banco Santander and ING as the coordinating and main financing institutions. ING also took on the role of sustainability coordinator, in a credit model associated with specific environmental goals, focusing on energy efficiency and the use of 100% renewable energy.
With a total projected capacity of 30 MW, the technology campus will be developed in three phases, integrating the LIS001, LIS002 and LIS003 buildings. The latter will be built on a 10,000 sqm plot adjacent to LIS002, recently acquired by AtlasEdge.
Located less than 10 kilometres from the Carcavelos submarine cable landing station in Carnaxide, the campus benefits from low-latency international connections, ensuring direct connectivity between Europe, Africa, the Middle East and the Americas.
The operation is part of AtlasEdge's investment plan in Portugal, which plans to invest more than €500 million over the next few years, in line with the growing demand for sustainable, high-performance digital infrastructure.
According to Tesh Durvasula, CEO of AtlasEdge, "this green financing and the launch of LIS001 demonstrate the company's dynamism in the Iberian Peninsula, a region with great growth potential. The Lisbon campus is sustainable, strategically located and represents a milestone for the Portuguese market," reads a statement.