Princeton Digital Group (PDG) has secured a $95 million Green Loan for its SG1 data centre in Singapore, thus marking its second green loan acquisition in 2024, taking the total green loans in the year to $375 million. The loan has been facilitated by Sumitomo Mitsui Banking Corporation (SMBC) and Société Générale.
PDG’s SG1 data centre encompasses over 500 megawatts spread across locations in Singapore, Johor, and Batam, providing customers with the ability to scale their operations while capitalising on the unique advantages that have made Singapore a leading regional data centre hub.
The secured funds will be utilised to refinance SG1’s existing loan and will also be directed towards upgrading and expanding the data centre. Additionally, the loan will support PDG’s ongoing expansion efforts across the region.
Rangu Salgame, Chairman, CEO, and Co-Founder of PDG said, “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 centre campuses that are AI-ready and combine cutting-edge technology and resilience with a primary focus on sustainability. The loan enables us to operate green and energy-efficient data centres to reduce the environmental impact of data centre infrastructure in Singapore.”