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Private Sector | Telangana - India | PID: 203518
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Hyderabad-based digital infrastructure provider CtrlS Datacenters plans to launch a 50 MW solar power plant within the next 12 to 15 months, as part of its broader goal to transition entirely to solar energy.
The company aims to power its data centres with 100 percent renewable energy. CtrlS Datacentres plans to raise USD 300 million this financial year to support its expansion and green initiatives. It will cover around 10-15 percent for land acquisition, approx. 60 percent for data centre infrastructure, including buildings, electrical, and mechanical setup, and about 15-20 percent for RE projects like the solar power plant.
The company has outlined a strategic investment plan for these funds, which will be used to procure real estate, build data centre infrastructure, and expand its renewable energy capabilities. Data centres are known for their high energy consumption, which often raises concerns about their environmental impact. Traditionally, a large portion of the energy powering data centres comes from coal-based power plants.
| Updated on: 16 - Oct - 2024
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