Teraco Data Environments, which describes itself as Africa’s largest interconnection hub and vendor-neutral data centre provider, says it has raised $170 million to fund its data centre construction efforts.
The loan financing, led by Johannesburg-based lender Absa Group, will be used to finance the construction of Teraco’s 38MW hyperscale facility in Johannesburg.
The company broke ground on its new 50,000 square metre JB4 facility in November. Due for completion in Q1 2022, the new data centre will be the largest single-site data centre on the African continent.
JB4 is the latest expansion to Teraco’s growing data centre platform and will take critical power load capacity at Teraco facilities to over 110MW. Teraco currently operates six other data centres at five locations across South Africa, totalling 73MW of capacity. They include the Isando Campus JB1/JB3 (39MW), Bredell JB2 (13MW), Rondebosch Cape Town CT1 (3MW), Brackenfell Cape Town CT2 (18MW) and Durban (1MW).
In 2020 Teraco made large-scale expansions to its CT2 data centre in Cape Town as well as its Isando campus in Johannesburg
JB4 probably won’t be the last data centre Teraco announces in this region. Teraco says it sees continued growth in South Africa and that this will form a big part of its focus for the next two to three years.