NEWS
EIB supports development of OVHcloud with a loan of € 200 million
NEWS
T he European Investment Bank ( EIB ), has granted OVHcloud , a European leader in cloud computing , dedicated funding for its investments in Europe .
This € 200 million credit facility demonstrates the EIB ' s determination to actively support European digital players . This commitment is in line with the EU ' s priorities for strategic autonomy in the field of new technologies . sustainable development . As such , 10 of these 15 new sites will open in Europe over the next 24 months .
This support actively contributes to the efforts undertaken by European public decision-makers to strengthen Europe ' s strategic autonomy in its digital infrastructures and particularly in the key activities of research and development and production , in a market that may exceed that of telecoms by 2027 .
Complementary financial resources for a key sector
This first financing for a pure cloud player , for a maximum amount provided by the European Investment Bank ( EIB ), is intended to support the OVHcloud Group ' s expansion in Europe , where it is positioning itself as a champion of an open , reversible , transparent and federated cloud ecosystem , all the while promoting the full and complete sovereignty of users over their data .
In a booming market , OVHcloud intends to accelerate its international deployment with the opening of 15 new data centres by the end of 2024 in order to address new markets and new geographies and demonstrate its progress in terms of
Emerge signs agreement to develop solar plant for Khazna Data Centers facility in Masdar City
merge , a joint venture between Masdar and EDF and Khazna Data Centers , one of the largest networks of
E hyperscale data centres in the Middle East and North Africa region , have signed an agreement to develop a groundmounted Solar Photovoltaic ( PV ) plant to power Khazna ’ s new data centre in Masdar City .
The plant , which has obtained Abu Dhabi ’ s Department of Energy Solar Photovoltaic ( PV ) self-regulating generation license , will have an installed capacity of 7-Megawatt peak ( MWp ) and will provide electricity to the Khazna Abu Dhabi 6 ( AUH 6 ) facility which is currently under construction in Masdar City , Abu Dhabi ’ s flagship sustainable urban development . Emerge will provide a full turnkey solution for the project , including finance , design , procurement , construction , operations and maintenance , for 25 years .
“ The increasing demand for data has been astounding ,” said Hassan Alnaqbi , Chief Executive Officer of Khazna . “ To successfully meet the growing reliance on data and the rise of IoT , data centres have had to rapidly expand their infrastructure . As a result , data centres have inevitably become some of the world ’ s main consumers of energy . At Khazna Data Centers , we recognise the impact that data centres have on the environment and we are designing and constructing today ’ s data centres with sustainability at top of mind , in addition to implementing environmental solutions to help mitigate the effects of climate change .”
“ This agreement with Khazna Data Centers advances Abu Dhabi ’ s commitment to sustainability and high-tech industry and extends Emerge ’ s range of offerings ,” said Michel Abi Saab , General Manager , Emerge . �
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