AtlasEdge has secured €253 million in green financing to support the development of its state-of-the-art data centre campus in Lisbon, Portugal. The 7-year senior secured Term Bond facility is divided into two tranches:
- Facility A: €63 million to finance the construction of LIS001
- Facility B: €190 million to finance the construction of LIS002
Banco Santander and ING acted as bookrunners, with participation from additional lenders for this sustainability-linked facility where ING acted as the Sole Sustainability Coordinator. As the world’s fourth-largest producer of solar and wind power, Portugal’s renewable energy leadership perfectly complements the goals of this financing, which include energy efficiency and 100% renewable energy usage.
The Lisbon campus will deliver 30MW across three phases. LIS001 launched today, with capacity already contracted by top-tier customers and service set to go live by the end of 2025. LIS002 is in the master planning phase with Ready for Service scheduled for 2028.
AtlasEdge has also acquired a 10,000 square-metre plot contiguous with LIS002, which will host the campus’s third data centre, LIS003. This acquisition brings total future campus capacity to 30MW and is a significant step forward as the company brings more than 150MW to the European market in the coming years.
Lisbon’s thriving technology ecosystem, strategic location, and abundance of renewable energy make it a prime site for AtlasEdge’s expansion. Located less than 10km from the Carcavelos submarine cable landing station, the campus will offer low-latency connectivity to Europe, Africa, the Middle East and the Americas, solidifying Lisbon’s position as a leading digital gateway.
Portugal is a key market for AtlasEdge, and part of a strategic plan that will see the company invest more than €500 million in the country over the coming years.
Tesh Durvasula, CEO of AtlasEdge–
“Today’s launch, the addition of LIS002 and LIS003, and this green financing demonstrate the momentum we’re building across the Iberian Peninsula – a region with significant opportunity to scale. This is a sustainable, strategically located campus and a game-changer for customers operating in the Portuguese market.”
Jonathan Hoo, CFO of AtlasEdge–
“This financing, together with the LIS003 acquisition, gives us the flexibility to execute our Lisbon growth plan with clear focus and control. It aligns our expansion with clear sustainability targets while delivering capacity where our customers need it.”
Sicco Boomsma, Managing Director, EMEA at ING–
“ING’s appetite for the data centre sector is stronger than ever, and we are proud to support AtlasEdge’s impressive expansion plans. This innovative green financing provides the flexibility to scale the Lisbon campus, building on the successful launch of LIS001.”
Robert Drew, Managing Director, Head of TMT Global Banking, UK, at Banco Santander–
“We are proud to be powering AtlasEdge’s growth in the Iberian Peninsula. This transaction underlines our commitment to digital infrastructure and sustainable development in Portugal, strengthening Lisbon’s role as a regional connectivity hub.”
