EdgeConneX has secured more substantiality-tied financing to build out data centers in Europe.

The company this week announced it has secured an additional $1.9 billion in sustainability-linked financing to support its EMEA expansion.

EdgeConneX said the financing consolidates the company’s portfolio across EMEA, transitioning it from “stand-alone project-based funding to a more robust structured corporate debt package.”

“This latest transaction provides EdgeConneX with enhanced financial flexibility and a greater capacity to support projected growth throughout the EMEA region,” the company said.

The financing ties the interest rate to EdgeConneX to sustainability objectives. The company said it aims to achieve carbon neutrality, eliminate its waste and water footprint, and power all its data centers with renewable energy sources by 2030.

“The reception of this transaction reconfirms our status as an industry leading data center developer and operator and reinforces our belief that responsible growth and operational excellence go hand in hand. It showcases our ability to replicate this success on a global scale,” said Joe Harar, CFO, EdgeConneX. “This is a significant milestone in our journey towards leading the industry in sustainable practices, and we are excited about the future possibilities this opens up for EdgeConneX and our stakeholders.”

EdgeConneX operates around 20 data centers in EMEA across the Netherlands, Spain, Belgium, Ireland, Germany, Israel, and Poland. Future facilities are planned in Germany and Turkey.

The company has previously secured sustainability-tied financing in 2022 and 2023.