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4-Aug-21-2023-05-30-57-1408-PM

EdgeConneX Secures $403.8 Million in Sustainability-Linked Financing to

Support Expansion in Asia

 

Raising nearly $5 billion over the last 1.5 years to fuel its global expansion, the latest financing will support the growth of a 120MW hyperscale data center campus in Jakarta

The company celebrated its financing achievement with the unveiling of its Jakarta data center expansions in a ribbon cutting ceremony with Minister Luhut Binsar Pandjaitan and local community leaders

 

Herndon, VA, – September 13, 2023 — EdgeConneX®, the pioneer in global Hyperlocal to Hyperscale Data Center Solutions, announces the successful execution of a landmark $403.8 million deal in Sustainability-Linked Senior Facilities, accelerating the company’s expansion plans and green initiatives for its Jakarta, Indonesia data center footprint. This inaugural transaction paves the way for increased sustainability capabilities, including power efficiency, renewable energy sources, and enhanced safety measures for EdgeConneX to develop multiple data centers in the region that will bring the Indonesian hyperscale campus in Jakarta to over 120MWs. 

 

In addition, the company unveiled the planned expansions of its Jakarta data center campus in a ribbon-cutting ceremony, welcoming honored guests, including Coordinating Minister for Maritime Affairs and Investment, Luhut Binsar Pandjaitan. 

 

Read the full announcement HERE.

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What Does This Mean for Jakarta?

With extensive fiber, power density, low-latency interconnectivity, and global peering options, Jakarta is a high-growth market with significant opportunities for cloud giants to accelerate their cloud access, content delivery, and connectivity services. 

EdgeConneX Indonesian hyperscale campus will have the capacity to support over 120MWs.

"The Jakarta data center market is projected to be worth $395m USD in 2023 and grow at a five-year CAGR of 22.3% through 2028." - Structure Research 2023 Jakarta Report

 

"We are extremely grateful to our customers who are driving the demand for the significant data center capacity expansions necessary to support the digital economy of Indonesia. We are also grateful for our local partners’ support in Jakarta. We couldn’t execute our vision to become Indonesia’s premier data center operator without their capabilities, local relationships, and market expertise that they bring."

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Randy Brouckman, CEO and Co-Founder of EdgeConneX

“This financing unlocks increased flexibility and provides EdgeConneX with the rapid funding capacity to support our customers’ custom-built data center solutions globally. With nearly $5 billion raised over the last 18 months, we are well established to execute upon our existing data center expansions and strongly positioned to secure land quickly and the necessary resources to support our customers’ data center requirements in the future.”

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Joe Harar, CFO of EdgeConneX

“Indonesia has a forward-looking agenda in the areas of industrialization, decarbonization, affordable and high-quality education, economic equity, digitalization, and infrastructure. Therefore, state-of-the-art facilities like those developed by EdgeConneX are crucial in attracting and fostering connectivity, cloud computing, artificial intelligence (AI), and other critical IT applications from leading companies. By continually promoting an ecosystem of cutting-edge technology, Indonesia's economy will continue to grow rapidly. Importantly, this progress will be achieved with a strong commitment to sustainability, ensuring a greener and more resilient future.”

Minister Luhat
Luhut Binsar Pandjaitan, Minister of Maritime Affairs and Investment of Indonesia

“As we embrace the digital era, Indonesia is witnessing a transformative shift in economic growth. By enabling the digital economy through expanded cloud computing and data center infrastructure such as in the EdgeConneX facilities, we are unlocking new doors of opportunity, empowering businesses, and propelling our region towards a brighter future.”

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Wewoen Willyani Salim, Director at Indies Capital Partners

"Entry into Indonesia gives EdgeConneX presence in three of the largest countries in the world outside the United States. Indonesia has strong demographics, a rapidly rising homegrown technology sector, and in-country hyperscale infrastructure, and it is early in the adoption curve for outsourced infrastructure services like cloud and data centers. Indonesia has a tremendous long-term upside, and Jakarta is central to this growth. Indonesia is home to all the major US and Chinese hyperscale clouds, and an emerging social media and webscale tier that will combine to create incredible volumes of demand for hyperscale data centers."

Philbert Shih - Structure Research

Philbert Shih, Founder and Managing Director of Structure Research

EdgeConneX Jakarta Data Center

Inauguration and Official Opening Ceremony

 

EdgeConneX Leadership

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Randy Brouckman, Co-Founder and Chief Executive Officer
EdgeConneX

Randy has over 30 years of experience in telecommunications, software and data centers. Prior to leading EdgeConneX, Randy was a Partner and Entrepreneur in Residence at TDF Ventures. Randy has served as CTO, COO and CEO at several successful public and private enterprises, including BSG Clearing Solutions, Telispark, Wireless World Solutions and Iridium, where he led a successful reorganization of the company. Randy also worked with Nextel to start and lead its Nextel Ventures division.

Randy started his career with Bellcore, progressing through a number of management roles culminating in his position as Executive Director of Network Operations Systems.

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Kelvin Fong, Managing Director - APAC Region
EdgeConneX

Kelvin brings extensive experience in the data center industry, and specifically in data center development in Asia. His track record extends to 20 years of data center development, operations and management across the continent. Before joining EdgeConneX, Kelvin served as Managing Director for Data Centers at CapitaLand, one of Asia’s largest diversified real estate groups, with responsibilities that included setting up new business units in Singapore, China and India. Prior to that, Kelvin was Managing Director of Global Switch, another significant regional provider, covering Hong Kong, Singapore and China, and he served as Executive Director of Asia Tone Ltd, now part of Equinix. 

APAC News and PR

Recent media coverage, including stories in leading industry news outlets and recent press releases.

To view the releases and for other news, visit EdgeConneX News and PR.

  • EdgeConneX Enters the Malaysia Market with Plans for Several Data Centers in Three Markets Offering Nearly 300 MWs of Capacity  

  • Chayora Unveils New Beijing Office as it Continues to Invest and Expand its Presence in China

  • Frost & Sullivan honours AdaniConneX with South Asian Company of the Year Award for Excellence in Data Center Infrastructure & Operations

  • AdaniConneX Seals the Largest Data Center Financing Deal in India with a USD 213 Mn Construction Financing Facility

  • Adani to Build India’s First Integrated Data Center & Technology Business Park in Andhra Pradesh

  • AdaniConneX Announces the Opening of its Flagship Data Center Campus in Chennai, India

  • EdgeConneX and Aboitiz InfraCapital Form Joint Venture to Address Enormous Data Usage Growth in Philippines

  • EdgeConneX and Aboitiz InfraCapital Form Joint Venture to Address Enormous Data Usage Growth in Philippines

  • EdgeConneX Enters Indonesian Market with Plans for a Hyperscale Data Center Campus

  • EdgeConneX® Makes Strategic Investment in Chayora as Global Market Development Focus Moves to China

  • EdgeConneX Lauded by Frost & Sullivan for Delivering a Full Spectrum of Data Center Solutions to Its Customers

  • EdgeConneX Names Kelvin Fong Asia Pacific Region Managing Director and Establishes APAC HQ

  • EdgeConneX to Acquire Global Data Center (GDC) Locations

     

EdgeConneX APAC Locations and Partners

Media Assets
Logo and Images

For additional Media Assets contact: press@edgeconnex.com

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Contact Us

EdgeConneX Asia-Pacific HQ

EdgeConneX Singapore Pte Ltd
6 Raffles Boulevard, Marina Square, #03-308
Singapore 039594

For media and analyst inquiries, please contact EdgeConneX Public Relations: press@edgeconnex.com

https://www.edgeconnex.com/