Mubadala-linked Princeton Digital Group taps Tata for clean electricity at its Mumbai data center

Mubadala-linked Princeton Digital Group taps Tata for clean electricity at its Mumbai data center

Dubai: A data center operated by Princeton Digital Group – a company in which Abu Dhabi’s Mubadala has a stake – in India will source clean electricity from Tata Power Renewable Energy Ltd. PDG and the Tata entity will jointly invest in a captive power plant that will supply to the former’s MU1 data centre in Airoli, Mumbai. The supply agreement extends to 25 years and can be renewed. In 2022, Mubadala invested $350 million in PDG, which has 21 data centers with a capacity of more than 700MW in six countries. The same year, together with BlackRock Real Assets, Mubadala invested $525 million in Tata Power Renewables - one of key players in India’s energy transition and aims to contribute 30GW by 2030. “Mubadala is delighted about the partnership between two of our investee companies, PDG and Tata Power Renewables," said Khaled Abdulla Al Qubaisi, CEO for Real Estate and Infrastructure Investments at Mubadala. "Both companies align with our focus on value creation and delivering positive outcomes for society, and our view that digitalization is vital to socioeconomic progress and development. "By bringing our partners together, we are further supporting the build of sustainable solutions in India, a key