DataBank Secures $2 Billion Loan for Red Oak Data Center Construction
DataBank has raised a $2 billion loan to construct the first three data centers at its Red Oak campus in Texas, marking its largest construction loan to date. The funding will support 600,000ft² of space and 180MW of power, with the campus planned to eventually include eight data centers. The financing aligns with the company's sustainability goals and is expected to accelerate construction timelines.
Topics: carbon neutrality construction financing DataBank Green Financing Framework MUFG Bank Red Oak data centres