The Latvian company Digitālās Ekonomikas Attīstības Centrs (DEAC) and the Lithuanian Duomenų Logistikos Centras (DLC) have received a 10-year loan from SEB bank in the amount of 30 million euros to continue the expansion of the Baltic telecommunications infrastructure, which involves the construction of new data centers and the development of fiber optic networks.
“The loan received from SEB bank will be mainly used for the construction of a new, third DEAC data center in Riga, Latvia, which will become one of the most sustainable in the region. The funds received will also be invested in the expansion of fiber optic networks and DLC data centers in Vilnius, Lithuania,” says Andris Gailitis, CEO of DEAC and DLC. Both companies are vendor-independent data center operators providing cloud computing and IT infrastructure solutions and are part of Quaaero’s European Infrastructure Fund II (QEIF II) Baltic Rezo, which invests in infrastructure projects across Europe and is managed by asset management company Quaero Capital.
“We are committed to building quality, efficient and environmentally neutral critical infrastructure in the Baltic States. We are pleased with our long-term relationship with SEB Bank,” says Sebastien Bourget, Managing Partner at Quaero Capital.
The new data center in Latvia will be very energy efficient. Its power efficiency ratio PUE) will be below 1.3, which indicates how efficiently the data center will use electricity to ensure the smooth operation of IT equipment. The new data center will operate on electricity from renewable sources only, with Neste MY diesel fuel, consisting of hydrogenated vegetable oil, used for standby power generators. WHO) and is made from renewable raw materials.
The new data center will receive Tier III certification from the international certification organization Uptime Institute for both project documentation and the data center itself. This will ensure that the premises, engineering infrastructure and data center meet the highest international standards. The entire data center is built using the latest and most efficient technologies to meet the growing demand for data center capacity.
“Digital-intensive work and lifestyles result in an ever-increasing amount of data, and an increase of about one-fifth is expected in the coming years. As data-intensive businesses generate more and more information, developing the Internet and telecommunications infrastructure to store, access, and manage ever-increasing volumes of data is essential. The SEB loan will help build this critical infrastructure in the Baltics and accelerate the sustainable digital transformation of our society and business,” says Vilius Juzikis, Member of the Management Board of SEB Bank and Head of Corporate Services.
Center for the Development of the Digital Economy