Mubadala Investment Company, a sovereign investor managing a global portfolio, aimed at generating sustainable financial returns for the Government of Abu Dhabi, has announced its investment in Yondr Group, a global hyperscale data center developer.
Yondr, headquartered in London, provides scalable data center infrastructure for major blue chip technology players and has a contracted and reserved capacity of 878 MW, with 58 MW currently operational.
In a press release, Mubadala shared its reasons for investment in the data center company saying, “Global cumulative data center demand is expected to grow at an 11% Compound Annual Growth Rate (CAGR) by 2032, driven by advancements in artificial intelligence (AI), 5G technology and the internet of things (IoT).”
Mounir Barakat, Senior Executive Director of Digital Infrastructure at Mubadala Investment Company, said, “This investment marks an exciting addition to Mubadala’s rapidly expanding digital infrastructure portfolio. We are witnessing a strong growth in demand for hyperscale data centers in response to the rising data demands from AI adoption, 5G and IoT, and Yondr will play a key part in providing solutions for some of the world’s fastest growing corporations. We look forward to working closely with Yondr and our investment partners to develop world-class solutions that create long-term value for their customers and stakeholders.”
Mubadala has a growing digital infrastructure portfolio. In 2023, Mubadala invested in Aligned Data Centers, an American data center company. Before that, in 2022, Mubadala invested in Princeton Digital Group, a renowned pan-Asian data center company. Mubadala has is also investing in major global fiber network providers such as the UK’s CityFibre and GlobalConnect, a fiber-based data communication and data center service provider to enterprises across Northern Europe.
Chester Reid, Chief Financial Officer at Yondr, added, “We are pleased to welcome Mubadala as a key financial partner. With their additional support we are well-positioned to accelerate our growth and continue delivering sustainable data center solutions to our clients worldwide, meeting the increasing demand for capacity.”
Aligned with Mubadala’s responsible investing mandate, Yondr is committed to achieving net zero greenhouse gas emissions by 2030. This commitment involves reducing emissions across all its data centers through energy-efficient technologies and the use of renewable energy to power its infrastructure.
