Stack Infrastructure secures $4bn green financing for US and Canada data centers
Summary
Green financing typically refers to investment in projects that will deliver environmental benefits - with repayments tied to specific sustainability goals.The cash will be used to develop the companys planned 1GW campus in Stafford, Virginia, as well as additional campuses in Portland, Oregon, and Toronto, Canada.Stack Infrastructure has secured $4 billion in green financing to fund data centers in the US and Canada. "With strong access to capital and a proven record of delivering at the highest level, we remain committed to providing strategic digital infrastructure solutions across the globe. "Announced in January, the Stafford Technology Campus will be built on a 500-acre site on the east side of US Route 1 at I-95.It will house up to 19 data centers and six 300MW substations from Dominion Energy. Its website says it has plans to expand two of these, adding an additional 12MW to its POR01 facility, and 150MW to its POR03 campus.It launched a data center in Toronto in 2023, with 8MW available. This could eventually grow to 48MW.In total, Stack has approximately 4GW in operation or development globally, with another 6GW planned in the future.
Funding
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