The Latvian company Digitālās Ekonomikas Attīstības Centrs (DEAC) and the Lithuanian Duomenų Logistikos Centras (DLC) have received a loan of 30 million euros for 10 years from SEB banka in order to continue the expansion of the Baltic telecommunications infrastructure, which involves the construction of new data centers and the development of optical fiber networks.
“The loan received from SEB Bank will mainly be used for the construction of the new, third DEAC data center in Riga, Latvia, which will be one of the most sustainable in the region. The received funds will also be invested in the expansion of optical fiber networks and DLC data centers in Vilnius, Lithuania,” says Andris Gailītis, head of DEAC and DLC companies. Both companies are vendor-neutral data center operators providing cloud computing and IT infrastructure solutions and are part of Quaero European Infrastructure Fund II (QEIF II)-owned Baltic Rezo, which invests in infrastructure projects across Europe and is managed by asset management company Quaero Capital.
“We are committed to building high-quality, efficient and environmentally neutral critical infrastructure in the Baltic States. We are pleased with our long-term relationship with SEB bank,” says Quaero Capital managing partner Sébastien Bourget.
Latvia’s new data center will be highly energy efficient. Its power utilization efficiency (PUE) will be below 1.3, which indicates how efficiently the data center will use electricity to keep IT equipment running smoothly. The new data center will operate using electricity from renewable resources only, Neste MY diesel fuel, which consists of hydrogenated vegetable oil (English: HVO) and is produced from renewable raw materials, will be used for the operation of backup electricity generators.
The new data center will receive Tier III certification from the international certification organization Uptime Institute, both for the design documents and for the built data center itself. This will certify that the premises, engineering infrastructure and data center meet the highest international standards. The entire data center is built using the latest and most efficient technologies to meet the growing needs for data center capacity.
“Digitally intensive work and lifestyles are resulting in an ever-increasing amount of data, with an increase of around one-fifth expected in the coming years. As data-rich businesses generate more and more information, the development of Internet and telecommunications infrastructure to store, access, and manage ever-increasing amounts of data is essential. SEB Bank’s loan will help create this important infrastructure in the Baltic States and accelerate the sustainable digital transformation of our society and business,” says Vilius Juzikis, SEB Bank’s Board Member and Head of Corporate Services.
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2023-07-24 12:19:58
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