Adani sets up Joint Venture with EdgeConneX
Published 23 February 2021
Adani Enterprises has set up a 50:50 Joint Venture (JV) with EdgeConneX, a leading global Data Centre operator.
Adani Enterprises is the flagship company of the Adani Group and EdgeConneX operates 50 facilities in 30 markets around the world. The JV will develop and operate Data Centres throughout India, leveraging the two partners complementary expertise and capabilities.
The move is expected to address the rapidly growing need for high- quality and reliable IT infrastructure as companies increasingly adopt digital. In line with this, both organisations are committed to investing significant capital into the joint venture over the next decade to build out India’s leading green Data Centre platform, they said.
Further, this pan-Indian platform of hyperscale and hyperlocal Data Centres will largely be powered by renewable energy.
In addition to operating full scale Data Centres, AdaniConneX will also develop a portfolio of Edge Data Centres strategically located throughout India that will support the need for more proximate capacity. These Edge sites are designed and planned to easily scale with demand and become full scale Data Centre campuses.
“In Adani, we have the ideal partner in India,” said Randy Brouckman, CEO of EdgeConneX. “They possess the necessary capabilities and unique expertise in India required to build out critical digital infrastructure that can best support our customers across the entire country. We look forward to investing in the digital economy of India and meeting our customers’ needs throughout the region in collaboration with Adani.”
The partnership will leverage Adani’s expertise in full-stack energy management, renewable power and real estate development, as well as its experience in building and managing large infrastructure projects throughout India.
“One of the best manifestations of our Prime Minister’s Digital India vision is the speed with which the entire Indian population has come online and the subsequent continued exponential growth in data consumption,” said Gautam Adani, Chairman of the Adani Group. “India currently has one of world’s largest data subscriber population and to address the need for a reliable infrastructure to support Cloud, Content, Network, IoT, 5G, AI and enterprise requirements, Data Centres are a fundamental infrastructure need of a nation. The Adani Group brings to the table a unique combination of green power, real estate expertise, access to undersea cable landing stations, and several nodes across the country that will serve as edge locations. In addition to EdgeConneX’s domain expertise and cutting-edge technology in the Data Centre business, we have been very impressed with the agility they bring to the joint venture.”
The AdaniConneX JV will focus on building a network of hyperscale data centers in India, starting with the Chennai, Navi Mumbai, Noida, Vizag and Hyderabad markets. Development and construction at these sites have already begun, the company said.