Data centre provider Princeton Digital Group (PDG), says it has has secured its first US$280 million 'green loan' for its 150MW AI-ready JH1 data centre campus in Sedenak Tech Park (STeP) in Johor, Malaysia.
JH1 is one of the largest AI-ready campuses in Asia and, says PDG, is designed to cater to the infrastructure demands of some of the world’s most pre-eminent artificial intelligence and cloud companies. The 150MW hyperscale project is a planned US$1.5 billion investment for PDG.
The US$280 million financing is for the first 52MW phase of JH1, which is on track to be ready for service in June 2024, completing within just 12 months from the commencement of construction.
The loan is being provided by three leading banks and is PDG’s first green loan aligned with what the company calls its green finance framework.
PDG says the deal represents a major milestone in contributing to minimising resource consumption and emissions of the region’s AI infrastructure, fostering resilience to climate change, and creating positive societal impact.
Rangu Salgame, Chairman, CEO and Co-Founder of PDG, says: “Our data centre 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.”
PDG is headquartered in Singapore with presence and operations in Singapore, China, India, Indonesia, Malaysia, and Japan.
