Latin America data center provider Scala Data Centers has issued $215 million of green debentures.
This is the second largest green-tied issuance in the data center sector in Brazil, with the number one spot taken by a previous Scala offer in December 2022 for $378m.
The funds will be used for the construction of hyperscale data centers, all of which will have an annual PUE of less than 1.45, with 100 percent of the data centers to be powered by renewable energy.
"We will continue to innovate to meet the growing demands of the hyperscale market through future-proof constructions, which means, those which already consider the increase in densities per rack without interruptions in the production environment," said Marcos Peigo, CEO and co-founder of Scala.
"These infrastructures combine flexibility and innovation to accommodate emerging technologies and new workloads yet to come to the region."
According to Scala's VP of finance, Ana Romantini, the company's request for proposals saw five financial institutions offering $560m. This second issuance of green debentures had Bradesco BBI as lead coordinator and UBS BB as coordinator.
Scala Data Centers, founded by DigitalBridge and headquartered in Brazil, has data centers in development or operation in Chile, Brazil, and Mexico. According to the company's website, Scala currently has more than 60MW of operational capacity in Latin America and more than 900MW either under construction or planned.