Singapore-based Digital Edge and Thai power producer B.Grimm Power yesterday announced they have jointly secured a US$ 880 million green loan – the largest financing ever secured for a data center project in Thailand – to finance the development of the joint venture’s 100MW BKK Campus in Chonburi.
The transaction marks the latest milestone of Digital Edge’s US$1 billion joint-venture investment plan with B.Grimm Power, and is the third consecutive national record-setting green loan Digital Edge has closed in Asia-Pacific, following recent landmark financings in South Korea and Indonesia, according to Digital Edge’s press statement.
The green loan was supported by a consortium of banks comprising Bangkok Bank, Bank of Ayudhya, HSBC, KASIKORNBANK, Mizuho, Natixis CIB, Siam Commercial Bank, SMBC, and Standard Chartered as Mandated Lead Arrangers; and Bank of Ayudhya, Mizuho and Standard Chartered as Green Facility Coordinators.
Structured under Digital Edge’s Green Financing Framework which has seen the company declaring its ambition to achieve carbon neutrality by 2030, it also aligns with B.Grimm Power’s own decarbonization ambitions in Thailand.
Located within Thailand’s Eastern Economic Corridor (EEC), the BKK Campus will support AI and cloud workloads. It will be developed in phases with the first building (BKK1)scheduled to be ready for service by Q4 2026, and the second (BKK2) in Q2 2027.
The BKK campus has been designed with sustainability at its core, delivering annualized PUE (power usage effectiveness) target of 1.25, LEED Silver certification on track for achievement, reduced water consumption through hybrid closed-loop cooling towers, and renewable-ready infrastructure.
“This is Digital Edge’s largest Green Loan financing to date, reinforcing our commitment to delivering high-performance, AI-ready digital infrastructure while advancing our sustainability ambitions,” said Jonathan Walbridge, Chief Financial Officer of Digital Edge. “Since 2025, each of our green financings in Korea, Indonesia, and Thailand has set national records, together exceeding US$2 billion – demonstrating how capital and sustainable infrastructure are increasingly aligned, with strong support from like-minded partners.”
“At B.Grimm Power, we believe that technological advancement and environmental stewardship must go hand in hand. By combining our deep-rooted expertise in Thailand’s infrastructure development with Digital Edge’s world-class data center capabilities, we are enabling the delivery of sustainable, high-performance digital infrastructure that supports Thailand’s digitalization ambitions,” said Nopadej Karnasuta, President of B.Grimm Power.
Global law firm White & Case LLP has advised the lenders, comprising Bangkok Bank, Bank of Ayudhya, HSBC, KASIKORNBANK, Mizuho, Natixis CIB, Siam Commercial Bank, SMBC and Standard Chartered, on the green loan financing.
“The BKK Campus financing sets a new benchmark for data center project finance in Thailand – in deal size, lender depth and the sophistication of its green loan structuring,” said White & Case partner Tim Fourteau, who led the Firm’s deal team. “It is a clear signal that sustainability-linked financing for digital infrastructure has reached genuine market maturity across Asia-Pacific, with green loan structures now commanding deep support from both domestic and international lenders.”