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Data Centers as an Asset Class: Power, Cooling, Land-use, Interconnectivity, and Financing Models

Data centers constitute a critical, distinct infrastructure asset class offering stable, long-term returns comparable to regulated utilities. Realizing scalable value requires legal structuring across five interdependent dimensions: reliable, high-capacity power; efficient cooling technologies; complex land-use entitlements; interconnectivity density; and specialized financing frameworks linked to performance and ESG compliance.

Aakanksha Joshi

Aakanksha Joshi

Partner, S&R Associates, Mumbai, India

Aakanksha Joshi is a partner at S&R Associates. Her areas of practice include infrastructure and energy, hospitality, mergers and acquisitions and general corporate matters. Aakanksha advises clients on the regulatory framework relating to, and investments in, infrastructure projects; bidding process and bid documents; concession agreements; engineering, procurement and construction contracts; supply contracts; consultancy contracts; operation and maintenance contracts; and power purchase and off-take agreements. She has extensive experience of advising on projects relating to a wide-range of infrastructure assets, including energy (conventional and renewable), shipping, ports, roads, airports, railways, warehousing, data centers, emobility and waste and water management.
Dr. Deborshi Barat

Dr. Deborshi Barat

Head of Public Policy and Knowledge Management, S&R Associates, New Delhi, India

Deborshi Barat is the Head of Public Policy and Knowledge Management at S&R Associates. His areas of practice include data protection, AI and emerging technologies, gaming, ESG, and regulatory matters. He is also involved in the firm’s knowledge and training initiatives.