AirTrunk has secured Singapore’s largest-ever green loan – S$2.25 billion – to fund a new hyperscale data centre in Loyang. The deal reflects the growing role of sustainable finance in digital infrastructure and highlights Singapore’s ambition to be a global green finance hub.
AirTrunk has lined up S$2.25 billion in green financing to build a new hyperscale data centre in Singapore, called AirTrunk SGP2. It’s the biggest green loan ever arranged in the country for a facility of this kind, underscoring how sustainable finance is reshaping the way digital infrastructure projects are funded.
The deal was structured in line with the Singapore Asia Taxonomy for Sustainable Finance and AirTrunk’s green financing framework. It starts as a green loan but can later shift into a sustainability-linked loan. Any financial benefits will be channelled into AirTrunk’s social impact fund, aimed at long-term projects in Singapore.
The financing was coordinated by Crédit Agricole CIB, DBS Bank, and ING Bank, with support from 23 other local and international lenders. MUFG, Natixis, Standard Chartered, and UOB acted as lead arrangers.
Robin Khuda, AirTrunk’s founder and CEO, called the deal a turning point for both the company and Singapore. Jasmine Zhang, head of telecom finance for Asia-Pacific at Crédit Agricole CIB, said the deal “sets a new benchmark for responsible infrastructure development in Asia.” She highlighted the flexibility of the loan structure, designed to reflect long-term goals.
Amit Sinha of DBS Bank noted that the data centre sector is becoming a growth industry in Asia, fueled by rising demand for computing power. Krishna Suryanarayanan, managing director at ING Bank, called the transaction another key moment in AirTrunk’s sustainable finance journey.
What the new data centre will deliver
The facility will be built in Loyang and once complete, will deliver more than 70 megawatts of cloud and AI compute capacity for customers in Singapore and the wider Southeast Asia region.
AirTrunk says the campus has been planned with sustainability in mind. It is expected to meet Singapore’s highest energy efficiency standards, with a targeted Power Use Effectiveness (PUE) of 1.20 – among the lowest in the country. The company is also using low-carbon materials like green concrete and green steel to limit the environmental footprint of construction.
When complete, SGP2 will add to AirTrunk’s portfolio of hyperscale data centres in Asia-Pacific and Japan. But beyond expanding capacity, the company is framing the project as part of Singapore’s broader green finance story, and shows how large-scale digital infrastructure can be economically viable and climate-conscious.
Source: https://sustainability-news.net/
