Princeton Digital Group (PDG), a prominent data center provider with presence across APAC, has secured ~US$ 160 million in green loans for its flagship MU1 data center campus in Navi Mumbai, India. This brings PDG’s cumulative green loan commitments to US$ 728 million, reinforcing its commitment to sustainable digital infrastructure development across the region.
Located within a 50-acre IT/ITES park in Airoli, Navi Mumbai, MU1 aims to meet the high-density demands of cloud and AI workloads. The first two buildings with 50 MW capacity are operational and the first phase of the 100 MW expansion is currently under construction. Readers would recall that in late 2024, PDG had announced the expansion of MU1 to a 150 MW campus and a 72 MW data center in Chennai driving a new US$ 1 billion investment program in India.
In a press release the company said that the financing, provided by leading Indian banks Axis Bank, Kotak Mahindra Bank, and Canara Bank, will be used to fund the continued development of MU1 and support PDG’s broader green data center initiatives in India.
“Green financing is a key enabler of our mission to develop AI-ready digital infrastructure with sustainability at the core. With MU1, we are not only setting new standards for environmentally responsible data centers in India but also helping shape Mumbai’s emergence as a global hub for AI and cloud infrastructure,” said Rangu Salgame, Chairman, CEO, and Co-founder of PDG.
MU1 is Mumbai’s first data center to achieve Indian Green Building Council (IGBC) Platinum certification. MU1 is powered by renewable energy, and the company says that the campus offers customers the flexibility of hybrid cooling, strong network connectivity, and hyperscale-grade infrastructure — strategically located next to the Kalwa substation.
