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.
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.




