Adani Enterprises said it has signed a JV agreement with EdgeConneX through its affiliate EdgeConneX Europe and DC Development Chennai (DCDCPL), a wholly-owned subsidiary of Adani Enterprises, for strategic partnership for data center business in India and 50 per cent equity stake dilution of DCDCPL by the company to ECX Europe BV on fulfillment of certain terms and conditions. The joint venture aims to develop 1 GW of data center capacity over the next decade. The Adani ConneX JV will focus on building a network of hyper-scale data centers in India, starting with the Chennai, Navi Mumbai, Noida, Vizag and Hyderabad markets. Development and construction at these sites have already begun.
In addition to full-scale data centers, AdaniConneX will also develop a portfolio of Edge data centers 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 center campuses. Importantly, this pan-Indian platform of hyper-scale and hyperlocal data centers will largely be powered by renewable energy, added reports. In May last year, Adani Enterprises had formed a wholly-owned subsidiary DDCPL for data centre infrastructure.