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AM Green has signed a memorandum of understanding with InvestUP, the investment agency of Uttar Pradesh, to establish a 1 GW AI data center in Greater Noida. The project will be developed in phases, with the first capacity expected by 2028 and full completion by 2030, involving an investment of approximately $25 billion.

The data center will cater to global hyperscalers and India's AI initiatives, utilizing renewable energy sources like wind and solar. The facility is projected to incorporate around 500,000 high-performance chipsets and is part of a broader trend of significant investments in India's data center sector. The MoU was signed at the World Economic Forum in Davos, indicating a strategic move to bolster UP's position as a data center hub and support the Indian government's vision for AI and digital infrastructure.