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Cartis diligence evidence schedule

Evolution TH01 Bang Na

PRJ-1274 · Site · Bang Na, Bangkok, Thailand

Record last updated Oct 28, 2026

Scope and capacity

Evolution TH01 is a two-phase data centre development on Bang Na Trad Road in metropolitan Bangkok, developed with Central Pattana. Evolution specifies 12 MW of IT design capacity for Phase 1 and 40 MW for Phase 2, with service targets of Q4 2026 and Q2 2027 respectively. A hyperscaler has committed to Phase 1. IFC’s disclosure, updated 14 February 2026, lists a loan of up to $150 million as approved and pending signing. Its environmental review describes air cooling for Phase 1 and planned liquid cooling for Phase 2.

Headline: Not established in published records

Numbers refer to their stated physical boundaries and are not added together. Source dates, claim dates and record updates have different meanings. Missing dates and locators are not inferred.

Planned IT capacity MW · 12 MW

Planned / design or future potential · TH01 Phase 1 (Phase)

Claim 158935 · Recorded claim type: Forecast · Review: Approved · Claim date: Not stated

Headline treatment: Phase scope; not a whole-site figure

  1. Markets

    Evolution Data Centres · Document date: Not stated · Primary

    Source reference: SRC-7977 · Company announcement · Recorded authority: Party primary

    Source URL

    https://evolutiondatacentres.com/markets/

Planned IT capacity MW · 40 MW

Planned / design or future potential · TH01 Phase 2 (Phase)

Claim 158936 · Recorded claim type: Forecast · Review: Approved · Claim date: Not stated

Headline treatment: Phase scope; not a whole-site figure

  1. Markets

    Evolution Data Centres · Document date: Not stated · Primary

    Source reference: SRC-7977 · Company announcement · Recorded authority: Party primary

    Source URL

    https://evolutiondatacentres.com/markets/

Customer commitment · Unnamed hyperscaler; multiyear contract

Actual · TH01 Phase 1 (Phase)

Claim 158937 · Recorded claim type: Actual · Review: Approved · Claim date: Not stated

  1. Evolution sells data center in Thailand to hyperscaler

    W.Media · Document date: Sep 7, 2026 · Primary

    Source reference: SRC-7978 · News report · Recorded authority: Secondary

    Source URL

    https://w.media/evolution-sold-data-center-in-thailand-to-hyperscaler/

Project cost · $420,000,000

Forecast · Evolution TH01 Bang Na (Project)

Claim 158938 · Recorded claim type: Forecast · Review: Approved · Claim date: Not stated

  1. 48198 - Evolution Data Centres Thailand: Summary of Investment Information

    International Finance Corporation · Document date: Nov 14, 2025 · Primary

    Source reference: SRC-7979 · Government record · Recorded authority: Official primary

    Source URL

    https://disclosures.ifc.org/project-detail/SII/48198/evolution-dc-th

Site area · 5,000 sqm

Actual · Evolution TH01 Bang Na (Project)

Claim 158939 · Recorded claim type: Actual · Review: Approved · Claim date: Not stated

  1. 48198 - Evolution DC TH: Environmental & Social Review Summary

    International Finance Corporation · Document date: Nov 14, 2025 · Primary

    Source reference: SRC-7980 · Government record · Recorded authority: Official primary

    Source URL

    https://disclosures.ifc.org/project-detail/ESRS/48198/evolution-dc-th

Facility area · 20,470 sqm

Forecast · Evolution TH01 Bang Na (Project)

Claim 158940 · Recorded claim type: Forecast · Review: Approved · Claim date: Not stated

  1. Markets

    Evolution Data Centres · Document date: Not stated · Primary

    Source reference: SRC-7977 · Company announcement · Recorded authority: Party primary

    Source URL

    https://evolutiondatacentres.com/markets/

Counterparties and capital

Central Pattana Public Company Limited · Investor · CMP-1711

Evolution Data Centres · Developer · CMP-1709

Evolution DC (Thailand) Co. Ltd. · Owner · CMP-1710

Metropolitan Electricity Authority · Utility provider · CMP-1712

Metropolitan Waterworks Authority · Utility provider · CMP-1713

Debt financing

$150,000,000 · Dec 15, 2025

IFC board-approved loan ceiling; pending signing as of disclosure update 2026-02-14. Not disbursed funding.

International Finance Corporation (Lender)

Sources (1)

Financing record 353; claim-specific source links appear in the exhibit sources where published.

This schedule captures public Cartis research. It is not a title, lien or legal-opinion report. Document page/section locators and claim review timestamps are included only when published; this version has no separate locator or claim-review-time feed.