PDG lands $1.3B green loan for Johor data-centre campus
What's the deal? Princeton Digital Group (PDG)Dealroom has a profile for this one. Try Dealroom → has secured approximately $1.3 billion (US$1.22B) in green financing for its JH1 data-centre campus in Johor, Malaysia. Six banks underwrote the debt: Affin BankDealroom has a profile for this one. Try Dealroom →, HSBC, MaybankDealroom has a profile for this one. Try Dealroom →, OCBCDealroom has a profile for this one. Try Dealroom →, Standard Chartered, and UOBDealroom has a profile for this one. Try Dealroom →.
What's the endgame? JH1, in Sedenak Tech Park, is a 200MW campus built to support high-density AI and cloud workloads. Proceeds fund its continued development and expansion.
Why now? The deal builds on earlier JH1 financing first secured from three banks in April 2024 and upsized with four banks in October 2025. It feeds PDG's plan, announced in March 2026, to raise up to $5 billion in debt to deliver contracted capacity across Asia-Pacific.
Structured under PDG's Green Finance Framework, the loan ties to JH1's Green Building Index Gold for Design and LEED Gold for Operations certifications. "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, chief executive officer, and co-founder.
How big is it? Among debt rounds for Singapore-based telecom and infrastructure companies over the past four years, this ranks in the 98th percentile by size — near the top of 52 comparable deals.
The expansion angle: PDG, headquartered in Singapore, now operates across eight Asia-Pacific markets, with a portfolio topping 1.8GW. Its Johor push comes as the state's data-centre market swells: JLLDealroom has a profile for this one. Try Dealroom → figures cited in recent coverage put about 850MW operating, 1.8GW under construction, and 2.7GW in development as of the second quarter of 2026.
The signal: A large, bank-backed commitment underscores lender appetite for AI and cloud infrastructure in Southeast Asia. The green label also matters in a state facing growing scrutiny over data centres' electricity and water demands.
Read more: princetondg.com
Image credit: Generated with Gemini
