The seven-year senior secured Term Bond facility is split into two tranches: €63 million for the construction of LIS001 and €190 million for LIS002.
The sustainability-linked financing is underwritten by Banco Santander and ING, with ING also acting as Sole Sustainability Coordinator. The structure aligns with AtlasEdge’s environmental objectives, focusing on energy efficiency and 100% renewable energy usage.
Portugal’s strong renewable energy mix, as the world’s fourth-largest producer of solar and wind power, makes it a natural fit for the financing framework and for AtlasEdge’s wider sustainability ambitions.
The Lisbon campus will ultimately deliver 30MW of capacity across three phases. LIS001 launched today, with first customers already installed and services scheduled to go live by the end of 2025. LIS002 is currently in master planning, with Ready for Service expected in 2028.
AtlasEdge has also completed the acquisition of a 10,000-square-metre plot adjacent to LIS002 for LIS003, bringing the total planned campus capacity to 30MW. The expansion is part of a wider strategy to deliver over 150MW of new capacity across Europe in the coming years.
“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. This is a sustainable, strategically located campus and a game-changer for customers operating in the Portuguese market,” said Tesh Durvasula, CEO of AtlasEdge.
Jonathan Hoo, CFO of AtlasEdge added: “This financing, together with the LIS003 acquisition, gives us the flexibility to execute our Lisbon growth plan with clear focus and control. It aligns our expansion with clear sustainability targets while delivering capacity where our customers need it.”
“ING’s appetite for the data centre sector is stronger than ever, and we are proud to support AtlasEdge’s impressive expansion plans,” said Sicco Boomsma, managing director, EMEA at ING. “This innovative green financing provides the flexibility to scale the Lisbon campus, building on the successful launch of LIS001.”
“We are proud to be powering AtlasEdge’s growth in the Iberian Peninsula,” added Robert Drew, managing director, head of TMT global banking, UK, at Banco Santander. “This transaction underlines our commitment to digital infrastructure and sustainable development in Portugal, strengthening Lisbon’s role as a regional connectivity hub.”
Located less than 10km from the Carcavelos submarine cable landing station, the Lisbon campus will offer low-latency connectivity across Europe, Africa, the Middle East and the Americas, reinforcing the city’s position as a major digital gateway.
AtlasEdge plans to invest over €500 million in Portugal over the next few years as part of its broader European growth strategy.
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