AtlasEdge, one of Europe’s fastest-growing data center operators, has secured €253 million in green financing to accelerate the expansion of its flagship Lisbon campus – a key development in the company’s broader plan to deliver sustainable, high-capacity digital infrastructure across the continent.
The financing, structured as a seven-year senior secured Term Bond facility, is divided into two tranches: €63 million to complete the first phase (LIS001) and €190 million to fund construction of the second phase (LIS002). Banco Santander and ING acted as joint bookrunners for the deal, with ING also serving as the sole Sustainability Coordinator.
The funding marks one of the largest sustainability-linked data center financing arrangements in Southern Europe, aligning with AtlasEdge’s commitment to operate on 100% renewable energy.
Portugal’s strong renewable energy mix – being the world’s fourth-largest producer of solar and wind power – makes Lisbon a natural location for AtlasEdge’s latest expansion. The new campus will deliver a total of 30MW of IT capacity over three phases.
LIS001 already has its capacity pre-contracted by top-tier cloud and digital infrastructure customers, with services expected to go live by late 2025. The second phase, LIS002, is in master planning, with readiness for service expected in 2028.
Carcavelos Subsea Cable
In a parallel move, AtlasEdge has acquired an additional 10,000 square meters of land adjacent to the site for LIS003, bringing the total future capacity of the Lisbon campus to 30MW. The expansion reinforces the company’s ambition to deploy more than 150MW of new capacity across Europe in the coming years.
Strategically located less than 10 kilometers from the Carcavelos submarine cable landing station, the Lisbon campus will serve as a vital low-latency hub connecting Europe with Africa, the Middle East, and the Americas. The project further strengthens Portugal’s position as a digital gateway for hyperscalers, enterprises, and content delivery providers expanding their European footprints.
“Today’s launch, the addition of LIS002 and LIS003, and this green financing demonstrate the momentum we’re building across the Iberian Peninsula – a region with significant opportunity to scale,” said AtlasEdge CEO Tesh Durvasula. “This is a sustainable, strategically located campus and a game-changer for customers operating in the Portuguese market.”
Jonathan Hoo, CFO of AtlasEdge, emphasized the flexibility the financing provides. “This financing, together with the LIS003 acquisition, gives us the ability to execute our Lisbon growth plan with clear focus and control. It aligns our expansion with sustainability targets while delivering capacity where our customers need it,” he said.
Financial partners underscored the project’s importance in shaping sustainable digital infrastructure across Europe. “ING’s appetite for the data center sector is stronger than ever, and we are proud to support AtlasEdge’s impressive expansion plans,” said Sicco Boomsma, Managing Director for EMEA at ING. “This innovative green financing provides the flexibility to scale the Lisbon campus, building on the successful launch of LIS001.
Robert Drew, Managing Director and Head of TMT Global Banking for the UK at Banco Santander, added: “We are proud to be powering AtlasEdge’s growth in the Iberian Peninsula. This transaction underlines our commitment to digital infrastructure and sustainable development in Portugal, strengthening Lisbon’s role as a regional connectivity hub.”
The investment underscores AtlasEdge’s growing role in Europe’s digital transformation strategy. The company, a joint venture between Liberty Global and DigitalBridge, is rapidly expanding its network of edge data centers across key European markets, focusing on energy efficiency and proximity to end users.
Portugal is expected to become one of AtlasEdge’s core growth regions, with over €500 million in planned investments over the next few years. With the Lisbon project, the company is aligning sustainability, connectivity, and scalability – delivering infrastructure designed for the AI era while maintaining environmental responsibility.
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