This funding will be used for the construction of three hyperscale data centers and an electrical substation in Chile.
Scala Data Centers has successfully closed its first international project financing, securing $254 million in long-term financing for the construction of three hyperscale data centers and a critical power substation in Chile.
Adding an additional line for VAT financing brings the total amount of the financing package to $328 million. It is also the largest project finance transaction to date for a single data center project in Latin America.
The deal was made possible by a consortium of four global banks - MUFG, SMBC, BNP Paribas, and Natixis - with MUFG also acting as financial advisor to Scala. This is the company's first structured transaction outside Brazil, as well as its first international green-certified debt issuance.
The structure of the transaction was aligned with Scala's Green Bond Framework, reinforcing its leadership position in ESG practices and its commitment to sustainable and future-oriented infrastructure.
Unlike traditional schemes that are structured through Special Purpose Entities (SPE), Scala opted for an innovative solution by using its own corporate structure in Chile. The operation underwent a due diligence process in several legal jurisdictions, including the United States and Chile.
The financing is set to fund the expansion of Scala's presence in three locations in Chile: Curauma (currently in operation), Lampa, and Huechuraba 2, along with the construction of the new Nova Lampa substation, a key element to ensure a stable supply of renewable energy.
Currently, 23MW of IT capacity has already been contracted, and another 30MW booked through advance agreements with hyperscaling customers.
"This transaction represents a strategic evolution in our way of financing and scaling digital infrastructure in the region. It is more than a financial deal: it is a signal to the market that Scala delivers excellence with transparency and sustainability," said Clayton Malheiros, CFO of Scala Data Centers. "We have managed to build a robust and green structure, capable of sustaining long-term growth while maintaining profitability and high operational standards."
"We at MUFG are proud to have accompanied and financed this historic transaction. Scala's strong commitment to sustainability and its discipline in execution made this project an exemplary case of long-term value generation within the digital infrastructure sector. We are convinced that this deal sets a precedent for responsible growth both in Latin America and globally," added Tatiana Preta, director of project finance for Latin America at MUFG.
The new Chilean facility will operate with 100 percent certified renewable energy, zero water waste, and a projected PUE of less than 1.45.
In addition to the project finance deal in Chile, the company successfully closed two sale-leaseback agreements with Alianza in 2024, freeing up more than $70 million for assets located in Brazil. In 2025, Scala also secured a R$180 million loan from BNDES (National Bank for Economic and Social Development) to support the purchase and installation of key infrastructure components, this being the first financing granted by BNDES specifically targeting the data center sector.
In addition to this, in terms of sustainable financing, Scala has issued more than $803 million in green bonds in Brazil, representing one of the largest cumulative volumes in Latin America in bonds linked to ESG criteria for the data center sector. These issuances were carried out in three phases, the last one in September 2024.
