Princeton Digital Group secures USD95 mn green loan for its data center in Singapore

Princeton Digital Group (PDG), Asia’s leading data center provider, secured a USD95 million Green Loan for its SG1 data center located in central Singapore. This is PDG’s second green loan in 2024.

As the hub for Southeast Asia, Singapore is amongst the largest data center market in the region and is one of the top colocation markets in the world. PDG’s SG1 data center is at the core of the company’s SG+® strategy which encompasses over 500 MW across Singapore, Johor and Batam and enables customers to scale while leveraging the unique characteristics that have made Singapore such a successful hub for the region.

The loan is provided by two leading global banks, Sumitomo Mitsui Banking Corporation (SMBC) and Societe Generale, with SMBC acting as sole Green Loan Coordinator, Agent and Security Agent as well as Account Bank. The USD95 million loan will refinance SG1’s existing loan and will be used for upgrading and expanding SG1 as well as supporting PDG’s continuing expansion in the region.

“In securing our second successful green financing, we continue to demonstrate how we have incorporated sustainability into the heart of our growth strategy. This significant milestone reaffirms PDG’s commitment to building and operating data center campuses that are AI-ready and combine cutting edge technology and resilience with a primary focus on sustainability.,” said Rangu Salgame, Chairman, CEO and Co-Founder of PDG. “The loan enables us to operate green and energy-efficient data centers to reduce the environmental impact of data center infrastructure in Singapore.”

The loan aligns with PDG’s green financing framework and international Green Loan Principles where proceeds raised under the financing are utilized toward data centers that meet the eligibility criteria under Green Buildings category.

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