KfW IPEX-Bank underwrites financing for data center in Germany

Vantage Data Centers is building a data center near Frankfurt am Main, Germany. KfW IPEX-Bank acted as Underwriter and Bookrunner together with two international banks. The general syndication in the European project finance market proved highly successful and was closed recently.

Vantage Data Centers has a comprehensive sustainability concept for their data centers and the project at hand shows a state-of-the art energy efficiency with an annual PUE of ~1.2. The water consumption for the site will be limited as the cooling process will not evaporate water. Furthermore, the data center is expected to be powered with 100% renewable energy and waste heat connections are included in the design, allowing heating grid operators to connect and absorb the heat for re-use.

“With this financing we support the digital infrastructure in Germany and thus strengthen the digital backbone for the German economy and society” says Aida Welker, member of the Management Board of KfW IPEX-Bank. “It’s a pleasure to again serve our valued client Vantage Data Centers and foster their activities in the German data center market.”