Global Infrastructure SherpaRowan Digital Infrastructure Secures $550M Financing for Texas Data Center
USD550M
Deal Value
300 MW
Capacity
construction
Stage
Cinco
Project
Rowan Digital Infrastructure, backed by Quinbrook, has secured approximately $550 million in construction financing for its Cinco data center development in Medina County, Texas. The financing, completed under Rowan’s Green Loan Framework, will support the first development phase at Cinco, a 300MW data center campus. The project broke ground in September 2025 and is expected to be fully operational in 2027, with the first 60MW phase due online this year. The transaction was led by TD and Mizuho, with participation from Huntington National Bank, ICBC, and Lloyds Bank.
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Counterparts (8)
Lender
Lloyds
Lloyds Banking Group is a financial services organization. Information on their specific investment focus and strategy in renewables is not available in the provided content.
Mizuho
Mizuho America, Inc. collaborates with surgeons to provide neurosurgical devices. Their mission is to provide safe and reliable equipment for medical care environments.
ICBC
Industrial and Commercial Bank of China (ICBC) is a Chinese multinational bank. The bank provides various financial products and services, including banking, investment management, and wealth management.
Huntington National Bank
Huntington National Bank provides commercial banking services, including lending and investment solutions. They offer financial services to businesses and individuals.
TD
TD is a financial institution offering a range of banking and investment services. It provides personal, small business, commercial, and wealth management solutions.
Investor
Quinbrook
Quinbrook is a specialist investor in energy transition infrastructure, focusing on creative investing to accelerate the shift to cleaner energy. They develop and build innovative projects and high-growth businesses, meeting customer needs through large-scale renewable power generation, renewable fuels production, long-duration storage, grid firming, and energy transmission infrastructure.
University Pension Plan Ontario
University Pension Plan Ontario (UPP) is a Canadian pension plan that invests in various asset classes, including infrastructure. Their investment strategy focuses on long-term value creation and diversification.
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Rowan Digital Infrastructure's successful acquisition of $550 million in construction financing marks a significant step in the development of its Cinco data center campus in Medina County, Texas. The financing, led by TD and Mizuho with participation from Huntington National Bank, ICBC, and Lloyds Bank, underscores the strong investor confidence in Rowan's strategy and the growing demand for data center capacity. The project, backed by Quinbrook, is expected to be fully operational in 2027, with the initial 60MW phase coming online this year. The utilization of a Green Loan Framework further highlights the increasing emphasis on sustainable practices within the digital infrastructure sector.
The Cinco data center, with a planned capacity of 300MW, will significantly contribute to the data center landscape in the San Antonio area. The involvement of major financial institutions like TD, Mizuho, and ICBC demonstrates the scale and importance of this project. Quinbrook's backing, coupled with Rowan's focus on digital infrastructure assets, positions the Cinco data center to capitalize on the increasing demand for data storage and processing capabilities driven by cloud computing, artificial intelligence, and other data-intensive applications. The participation of University Pension Plan Ontario as an investor further validates the long-term investment potential of this asset class.
- Securing $550 million in construction financing demonstrates strong investor confidence in Rowan Digital Infrastructure and the Cinco data center project.
- The 300MW Cinco data center will significantly expand data center capacity in the San Antonio, Texas region.
- The involvement of major financial institutions like TD, Mizuho, Huntington National Bank, ICBC, and Lloyds Bank highlights the scale and importance of the project.
- The financing was completed under Rowan’s Green Loan Framework, reflecting the growing importance of sustainable practices in the data center sector.
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