AirTrunk, Asia Pacific & Japan’s leading hyperscale data center operator, has secured a landmark S$2.25 billion green loan in Singapore to fund the development of AirTrunk SGP2, its next hyperscale data center.
The transaction marks Singapore’s largest-ever loan and green loan for a data center — reinforcing the nation’s ambition to be a global green finance hub and highlighting growing investor momentum behind sustainable digital infrastructure.
Financing Details
- Value: S$2.25B (largest green loan for a data center in Singapore)
- Structure: Begins as a green loan, with the option to transition into a sustainability-linked loan (SLL)
- Impact: Margin incentives will fund AirTrunk’s social impact programs in Singapore
Coordinators & Agents: Crédit Agricole CIB, DBS Bank, and ING Bank acted as Global Coordinators and Sustainability Structuring Agents, with support from a consortium of 23 local and international banks, including MUFG, Natixis, Standard Chartered, and UOB.
The loan aligns with the Singapore-Asia Taxonomy for Sustainable Finance and AirTrunk’s Green Financing Framework.
Why It Matters – Asia Cloud View
This landmark deal signals three major shifts:
- Financing supports AirTrunk SGP2, a 70+ MW campus in Loyang, designed with BCA Green Mark Platinum rating and an ultra-low PUE of 1.20.
- With MAS championing sustainable finance, this transaction cements Singapore’s dual role as both a financial hub and a data center leader.
- Loan margin incentives will flow into local social impact programs, tying digital growth to broader community development.
Industry Perspective
- Robin Khuda, CEO of AirTrunk: “This landmark transaction reflects strong market confidence in our growth and sustainability strategy, while contributing to Singapore’s momentum as a world-leading green finance hub.”
- Crédit Agricole CIB (Jasmine Zhang): “AirTrunk’s SGP2 facility sets a new benchmark for responsible infrastructure development in Asia.”
- DBS Bank (Amit Sinha): “This represents the largest financing for a new data center facility in Singapore, coming at a pivotal time as demand for computing power surges.”
- ING (Krishna Suryanarayanan): “This strengthens AirTrunk’s reputation as a global sustainability leader among data center operators.”
Strategic Implications
For Singapore, AirTrunk’s SGP2:
- Provides critical AI and cloud compute capacity (70+ MW) for Southeast Asia
- Uses green concrete and steel to reduce embodied carbon
- Strengthens the country’s positioning at the intersection of cloud, AI, and sustainable finance
For the wider industry, this deal demonstrates how green financing structures are becoming the norm for hyperscale digital infrastructure projects in Asia-Pacific.