Sify To Invest ₹1250 Crore To Generate Green Power For Data Centers

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Digital solutions provider Sify Technologies has announced that its data center wing will invest in over 231 MW of green power at one of its three data center facilities in Mumbai. The project, estimated to cost Rs.1,250 crore, will be undertaken in a 2:1 debt and equity partnership with Vibrant Energy Holdings, the Indian subsidiary of Singapore-based green energy provider Blue Leaf Energy Asia. Sify will hold a 26% stake in the equity portion of the partnership.

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“The way data center capacity is expanding today, there is no way that India can produce as much energy through traditional means. The carbon footprint is also going to be immense. Many companies who are data center customers want to know what percentage of their energy consumption is from green energies,” said Sanchit Vir Gogia, founder and chief analyst at Greyhound research.

According to Gogia, over 50% of power used by big data center players in India will come from green power (by 2025), but at the moment, no more than 20-30% will come from green sources.

<strong>Analyst: Sanchit Vir Gogia</strong>
Analyst: Sanchit Vir Gogia

Sanchit is the Chief Analyst, Founder & CEO of Greyhound Research, a Global, Award-Winning, Digital & Technology Research & Advisory firm.

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