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PDG secures first green loan for AI data centre
Maybank, Standard Chartered Bank, UOB Malaysia coordinate US$280 million deal
The Asset 7 May 2024

Singapore-headquartered data centre (DC) provider Princeton Digital Group (PDG) has secured its first 1.276-billion-ringgit (US$280 million) green loan for its 150-megawatt (MW) artificial intelligence (AI)-ready JH1 campus in Sedenak Tech Park in Johor, Malaysia.

JH1 is one of largest AI-ready campuses in Asia and is designed, the company says, “to cater to the infrastructure demands of some of the world’s most pre-eminent AI and cloud companies”.

The 150MW hyperscale project is a planned US$1.5 billion investment for the DC provider. The US$280 million financing is for the first 52MW phase of JH1, which is on track to be ready for service in June, completing within just 12 months from the commencement of construction.

The financing, provided by Maybank, Standard Chartered Bank and UOB Malaysia who acted as joint green loan coordinators, is the DC provider’s first green loan aligned with its green finance framework, which aims to minimize resource consumption and emissions of the region’s AI infrastructure, foster resilience to climate change and create positive societal impact.

“PDG has been at the forefront of developing Asia’s DC infrastructure to enable the massive growth of AI and cloud in the region,” says Rangu Salgame, the company’s chairman, CEO and co-founder. “Our DC campuses are AI-ready and combine quality and resilience of infrastructure with a primary focus on sustainability. JH1, and this financing by top banks, are evidence of how PDG is solving for sustainability while building at scale for AI.”

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