Princeton Digital Group (PDG), a leading data center operator in Asia Pacific, today said that it has secured approximately US$ 1.3 billion (~RM 5.1 billion) in green financing for continued development and expansion of its JH1 campus in Johor, Malaysia. The loan contributed to part of the US$ 5 billion in debt financing that the firm planned to raise as announced in March to fund the delivery of contracted data center capacity across Asia Pacific.
Underwritten by six banks, namely Affin Bank, HSBC, Maybank, OCBC, Standard Chartered and UOB, the loan builds on the financing secured for earlier phases of the JH1 campus secured from three banks in April 2024, and subsequently upsized with four banks in October 2025.
Structured under PDG’s Green Finance Framework, the financing is based on JH1’s green building achievements such as the Green Building Index (GBI) Gold for Design and LEED Gold for Operations, according to the firm’s press release.
“This financing reflects the confidence of our banking partners, several of whom have supported JH1 since its earliest phases, in PDG’s execution capabilities and deep hyperscaler partnerships,” said Rangu Salgame, Chairman, CEO and Co-Founder of PDG.
Located in Sedenak Tech Park, JH1 is a 200MW campus designed to support high-density AI and cloud workloads.
PDG is backed by Warburg Pincus, Ontario Teachers’ Pension Plan, Mubadala and Stonepeak, among others. PDG’s total portfolio exceeds 1.8 GW across eight countries in Asia Pacific.