The debt financing is for the first phase of PDG’s 150MW JH1 campus, which is amongst the largest AI-ready campuses in Asia
Malaysia and Singapore, 7 May 2024 – Princeton Digital Group (PDG), Asia’s leading data center provider has secured its first RM1.276 billion (~ USD280 million) green loan for its 150MW AI-ready JH1 campus in Sedenak Tech Park (STeP) in Johor, Malaysia.
JH1 is one of largest AI-ready campuses in Asia and is designed 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 USD1.5 billion investment for PDG. The USD280 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, Maybank, Standard Chartered Bank and UOB Malaysia who acted as Joint Green Loan Coordinators. This financing is PDG’s first green loan aligned with the company’s green finance framework. It represents a major milestone in contributing to minimizing resource consumption and emissions of the region’s AI infrastructure, fostering resilience to climate change, and creating positive societal impact.
“PDG has been at the forefront of developing Asia’s data center infrastructure to enable the massive growth of AI and cloud in the region. Our data center 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. With our unmatched track record of execution, this further cements our position as a leading pan-Asian data center operator,” said Rangu Salgame, Chairman, CEO and Co-Founder of PDG.
About Princeton Digital Group
Princeton Digital Group (PDG) is a leading developer and operator of Internet infrastructure. Headquartered in Singapore with presence and operations in Singapore, China, India, Indonesia, Malaysia, and Japan, its portfolio of data centers powers the expansion of hyperscalers and enterprises in the fastest-growing digital economies across Asia. For more information, visit www.princetondg.com or follow us on LinkedIn.
For more information please contact:
Princeton Digital Group
Selena Sheikh
Selena.sheikh@princetondg.com
PRecious Communications for Princeton Digital Group
PDG@preciouscomms.com
