2023-07-20 16:25:34
Riga, Latvia (OTS/PRNewswire) – DEAC in Latvia and Data Logistics Center (DLC) in Lithuania have received a EUR 30 million loan with a term of 10 years from SEB Bank to further expand the telecommunications infrastructure in the Baltics with a focus on data centers and fiber optic networks.
“SEB Bank’s investment will mainly finance the construction of the new, third DEAC data center in Riga, Latvia, which will be one of the most sustainable in the region. It will also flow into the expansion of the DLC data centers in Vilnius, Lithuania and the fiber optic networks,” says Andris Gailitis, CEO of DEAC and DLC. Both companies are operators of carrier-neutral data centers for cloud computing and IT infrastructure solutions and are part of Baltic Rezo, a company owned by the Quaero European Infrastructure Fund II (QEIF II), which invests in infrastructure projects across Europe and is managed by the asset management company Quaero Capital.
“We are still committed to the Baltic States and are building high-quality, efficient and environmentally neutral critical infrastructure there. We are pleased that we were able to establish this long-term relationship with SEB Bank,” says Sébastien Bourget, Quaero Capital Managing Partner.
The new data center in Latvia will be extremely energy efficient. It will have a power consumption coefficient of less than 1.3, indicating how efficiently a data center uses electricity to keep IT equipment running smoothly. The new data center will run entirely on electricity from renewable sources, and the backup generators will run on Neste MY-Diesel, which is made from Hydrogenated Vegetable Oil (HVO) made from renewable feedstock.
The data center will receive Tier III certification for the design documents and the built facility from the Uptime Institute, an international certification organization. This confirms that the facilities, the technical infrastructure and the data center meet the highest international standards. The entire data center will be built with the latest and most efficient technologies to meet the growing energy needs of the data center.
“Digital-intensive work and a digital lifestyle are generating ever-increasing amounts of data, with forecast annual growth of regarding one-fifth for the next few years. As more information is generated by data-intensive businesses, the development of internet and telecom infrastructures to store, access and manage the ever-growing amounts of data is critical. SEB Bank’s loan will help build this important infrastructure in the Baltic States and accelerate the sustainable digital transformation in our society and business,” said Vilius Juzikis, Director and Head of Corporate Banking at SEB Bank Management.
Questions & contact:
Maria Bergere,
MBergere@deac.eu,
+371 2599 1155
1689871082
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