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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 offtake 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, e-mobility 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.