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The campus is set to put Taiwan on the map as a global data centre player
Colorado-based Vantage Data Centers, a global provider of large-scale data centre campuses, has announced that is has secured a $64 million loan from two Taiwanese banks (CTBC Bank and Cathay United Bank) to support the development of its first data centre in Taipei, Taiwan.
The announcement marks the first financing deal for a hyperscale data centre in Taiwan and is Vantage’s first collaboration with Cathay United and its third transaction with CTBC globally.
The company’s Taiwan data centre campus was initially announced in December last year, and is currently under development, expecting to open in the summer. The campus will offer 16MW of IT capacity across a 215,000 square foot facility, catering to hyperscalers, cloud providers, and large enterprises, contributing to Taiwan’s emergence as a significant digital infrastructure hub in the region.
“Vantage is proud to lead the way in marking the first financing of a greenfield data centre project in Taiwan,” said Joel Cheah, Vantage’s CFO in the Asia-Pacific region in a press release. “We appreciate CTBC Bank’s continued confidence in Vantage’s data centre platform and are pleased to have the Cathay United Bank team join us in this innovative financial milestone in the next phase of Taiwan’s growth as a regional data centre market.”
According to Vantage, the Taipei data centre market is expected to more than double from $1.42 billion in 2022 to $3.21 billion by 2028, which it says is driven by growing cloud service adoption and demand for AI.
Throughout 2023, Vantage raised $10 billion in incremental debt and equity to support the growing data centre demand from the world’s largest hyperscalers.
“In 2023, we entered emerging and high-demand data centre markets to meet the needs of our customers as artificial intelligence and other innovative technologies continue to advance,” said Sureel Choksi, president and CEO of Vantage Data Centers.
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