NGN Bilişim Secures Green Loan for Star of Bosphorus Investment
The financing, led by Garanti BBVA, will support the data center's energy efficiency and sustainability goals.
NGN Bilişim has secured $40 million in green financing led by Garanti BBVA for its Star of Bosphorus data center investment.
Financing Provided for the Investment
It was reported that NGN Bilişim has secured $40 million USD in project financing for the Star of Bosphorus data center investment.
Garanti BBVA assumed the roles of Lead Arranger Bank and Facility Agent in the financing package.
Green Loan Structuring
According to the statement made by Garanti BBVA, the financing was structured as a Green Loan in line with the project's energy efficiency and sustainable operation goals.
The financing was shaped around the project's energy efficiency and sustainable operation objectives.
International Standards and Performance
The project aims for performance compliant with international standards in terms of Power Usage Effectiveness, which is one of the key indicators of energy efficiency in data centers.
The Star of Bosphorus Data Center operates with a total power of 16 MW while functioning in a white space of approximately 5,000 square meters.
Operational Capacity of the Facility
With its infrastructure, the center successfully carries out the operation of over 2,000 standard cabinets.