Chile central bank sells $60 million in FX forwards at avg CLP 948.48

Chile central bank sells $60 million in FX forwards at avg CLP 948.48

Scala Data Centers has successfully closed a significant international project financing deal, securing $328 million to expand its operations in Chile. This funding will be used for the construction of three hyperscale data centers and an electrical substation in the country.

The financing package, which includes an additional line for VAT financing, brings the total to $328 million, making it the largest project finance transaction to date for a single data center project in Latin America [1]. The deal was facilitated by a consortium of four global banks: MUFG, SMBC, BNP Paribas, and Natixis, with MUFG also acting as financial advisor to Scala. This is Scala's first structured transaction outside Brazil and its first international green-certified debt issuance [1].

The project will see the expansion of Scala's presence in three locations in Chile: Curauma (currently in operation), Lampa, and Huechuraba 2. Additionally, the construction of the new Nova Lampa substation will ensure a stable supply of renewable energy. Currently, 23MW of IT capacity has already been contracted, with another 30MW booked through advance agreements with hyperscaling customers [1].

Clayton Malheiros, CFO of Scala Data Centers, commented on the transaction, stating, "This 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." Tatiana Preta, director of project finance for Latin America at MUFG, added, "We are convinced that this deal sets a precedent for responsible growth both in Latin America and globally" [1].

The new Chilean facility will operate with 100 percent certified renewable energy, zero water waste, and a projected Power Usage Effectiveness (PUE) of less than 1.45. In addition to this project, Scala has 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 to support the purchase and installation of key infrastructure components [1].

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 [1].

References:
[1] https://www.datacenterdynamics.com/en/news/scala-closes-328-million-agreement-to-expand-in-chile/