Aug 25, 2020

Stonepeak commits $1bn to Digital Edge data centre platform

APAC
data centre
Edge
Harry Menear
2 min
The New York private equity firm has recruited an experienced team to form Digital Edge, a new platform that aims to disrupt the APAC data centre space
The New York private equity firm has recruited an experienced team to form Digital Edge, a new platform that aims to disrupt the APAC data centre space...

New York-based equity firm Stonepeak Infrastructure Partners has secured a capital commitment of $1bn as it embarks upon an attempt to reshape the APAC data centre market landscape. 

The company announced on Monday that it - along with a group of executives drawn from the ranks of Equinix, Facebook, Tata Communications and Macquarie - have formed a new company: Digital Edge

Headquartered in Singapore, the new platform aims to become the new APAC leader in delivering digital infrastructure platforms. Digital Edge will begin by making two initial investments in data centre projects in Japan, which the company identifies as one of its key markets. 

The first investment is being made as part of a partnership with Keihanshin Building Co. and Kanden Energy Solution for the development of a 12MW facility in central Osaka. The second is reportedly taking the forms of a strategic partnership with ITOCHU Techno-Solutions Corporation, and will focus on the company’s Mejirozaka Data Centre in Tokyo.

“We are very excited to partner with Stonepeak and to have completed the initial capacity acquisitions to fulfill our vision of bridging the digital divide in the Asia-Pacific region,” said Samuel Lee, CEO of Digital Edge. “The transactions in Tokyo and Osaka give the platform a dual footprint offering to customers in Japan’s two primary data center markets.”

Lee steps into the CEO role at Digital Edge following a stint from 2005 to 2019 as President of Equinix’s Asia Pacific business. He is joined by several other individuals from the Equinix Asia team, including Kei Furuta, Andrew Rigoli and Jonathan Chou. 

“The Asia Pacific digital infrastructure market is among the fastest growing in the world, with demand continuing to outpace supply,” commented Brian McMullen, Senior Managing Director at Stonepeak. “We are delighted to partner with Samuel and his team, who bring unparalleled experience and an exceptional track record of development, and are investing in Digital Edge to help us achieve our shared vision for the region.”

This isn’t Stonepeak’s first foray into the data centre industry. The company is a majority stakeholder in leading data centre services provider Cologix, and earlier this year acquired Xplornet Communications, which provides broadband connectivity in rural Canada.

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Aug 5, 2021

Green Mountain doubles capacity at Oslo data centre campus

GreenMountain
datacentres
colocation
Nordics
2 min
Courtesy of Green Mountain
The DC3-Oslo expansion consists of a new 4 MW data centre, doubling the total IT capacity of Green Mountain’s ultra-sustainable campus. 

Norwegian sustainable, high-security data centre operator Green Mountain has completed an expansion project at its data centre campus in Oslo. 

The DC3-Oslo campus was originally completed just nine months ago. This week, Green Mountain announced that it has finished building a second data centre on site. The new facility was completed “a few days ahead of schedule”, according to project manager, Håvard Lurås, who reflected that the project had “progressed nicely,” although he admitted that “the Covid-19 situation posed challenges with, for instance, equipment deliveries.” 

The new data centre at DC3-Oslo adds a further 4 MW of critical IT capacity to the campus, effectively doubling its capacity. 

Green Mountain CEO, Tor Kristian Gyland, explained in a statement that the rapid expansion was undertaken in response to massive interest in the site, adding that Green Mountain has several more expansion stages planned for DC3-Oslo in the near future. 

“Norway’s abundance of low-cost renewable power, the government’s beneficial framework conditions, and Green Mountain’s ability to deliver sustainable and high-quality data centers at a rapid speed to market make a strong value proposition. We have secured power and land to grow this site for several years to come,” he said. 

Situated about 20 kilometres from downtown Oslo, the campus is a “built-to-suit project for a large international cloud provider” - which remains unnamed. 

Green Mountain - which was recently acquired by Israeli property investment firm Azrieli for $849mn - reportedly also has expansion projects planned for its two other data centre locations in the country. The company operates a 7.5 MW hydro-powered colocation campus comprising four buildings (two of which are Uptime Tier III certified) in Rjukan, Telemark, and an ultra high-security 22,600 square metre data centre housed inside a decommissioned NATO ammunition storage bunker built into a mountain in Stavanger

Gyland explained that, thanks to bountiful supplies of renewable energy and strong interconnection routes to the rest of Europe, the Nordic region is expected to “take up a disproportionate share of the expected growth in Europe,” over the coming years. He added that he was “very optimistic about the future.” 

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