EdgeCore secures $1.5B toward Sterling data centers construction

Denver-based data center developer EdgeCore Digital Infrastructure secured $1.5 billion in financing toward building two data centers in Sterling, it announced Tuesday.

The data center developer, owner and operator plans to build two single-tenant hyperscale data centers on campuses about 2 miles from each other in Loudoun County. The buildings will total 685,000 square feet. At full buildout, the data centers will be able to support a cumulative 114 megawatts of critical load.

The data centers are fully leased, and initial occupancy of the first building, AS01, is scheduled for November 2026. Initial occupancy of AS02 is set for July 2027. 

EdgeCore declined to provide the projected total cost to build the data centers and to identify the tenants.

“The development of these assets in Virginia, one of the largest data center markets in the world, reflects our conviction in the growing demand for capacity,” Fentress Boyse, member of management for the Infrastructure Americas group of EdgeCore owner Partners Group, said in a statement. “EdgeCore has quickly built a strong presence in this particular market across multiple strategic locations, in line with our expansion plans.”

This year, EdgeCore hit 1.8 gigawatts of capacity delivered or under development across approximately 7 million square feet, according to Boyse’s statement.

EdgeCore announced in June 2025 it had purchased 697 acres in Louisa County to build a $17 billion, 3.9 million-square-foot data center campus. In July 2024, the company announced its purchase of 120 acres in Culpeper’s technology zone for a planned 1.4 million-square-foot data center campus. Initial power delivery through Rappahannock Electric Cooperative was expected in early 2028. Construction work has begun at both campuses.

Dominion Energy is providing power for both Sterling data centers.

As data centers have spread in the state from Northern Virginia — home to Loudoun’s Data Center Alley, which has been billed as the world’s largest concentration of data centers — a chief concern among residents opposed to them has been electricity usage, as data centers are a primary driver behind Virginia’s growing projected energy needs.

EdgeCore is also developing data centers in Santa Clara, California; outside Phoenix in Mesa, Arizona; and the Reno, Nevada, area.

The $1.5 billion in debt financing for the Sterling data centers comes from two limited-resource senior secured term loans. EdgeCore and Partners Group conducted the transactions, which were led by Apterra Infrastructure Capital; Global Infrastructure Partners, owned by BlackRock; and ING Capital.

Financing for the AS01 loan was structured as a green loan, following the principles outlined by the Loan Syndications and Trading Association, Loan Market Association and Asia Pacific Loan Market Association designed to support environmentally sustainable economic activity. ING Capital was the sole green loan structuring agent.