Princeton Digital Group (PDG) is stepping up its sustainability game, securing a USD95 million green loan for its central Singapore data center, SG1. This marks their second green financing deal in 2024
Singapore, the crown jewel of Southeast Asia’s data center market, is a global colocation powerhouse. PDG’s SG1 data center plays a pivotal role in their SG+® strategy, offering over 500 MW of data center capacity across Singapore, Johor, and Batam. This strategy allows customers to scale their operations with ease while leveraging Singapore’s established position as a regional data center hub.
The green loan, provided by financial heavyweights Sumitomo Mitsui Banking Corporation (SMBC) and Societe Generale, will be used for multiple purposes. It will refinance SG1’s existing loan, fund upgrades and expansions at the facility, and fuel PDG’s continued regional expansion. Notably, SMBC will act as a one-stop shop for the transaction, handling Green Loan Coordinator, Agent, Security Agent, and Account Bank duties.
According to Rangu Salgame, Chairman, CEO and Co-Founder of PDG, this second green financing deal is a powerful testament to their unwavering commitment to sustainable growth. It reinforces PDG’s dedication to building and operating cutting-edge, AI-ready data center campuses that prioritize both environmental responsibility and technological innovation.
The loan strictly adheres to PDG’s green financing framework and aligns with the International Green Loan Principles. This ensures that the raised funds are exclusively directed towards data centers that meet the Green Buildings category’s strict eligibility criteria.