PDG Secures $856M for Jakarta Data Center Expansion

Singapore-based data center operator Princeton Digital Group has secured approximately US$856 million in financing in Indonesia to fund the 120 MW build-out of its JC3 campus in Jakarta, according to Princeton Digital Group.

Financing Structure and Lenders

The financing package comprises a US$456 million syndicated loan and a US$400 million facility being arranged. The lenders are DBS, HSBC, Maybank, SMBC, and Standard Chartered. The financing sits under PDG’s Green Finance Framework.

Portfolio and Geographic Scope

PDG said it has a 400 MW portfolio in Indonesia and more than 1.8 GW across seven Asian markets.

Green Financing and Certifications

Before the US$856 million Indonesia financing, Princeton Digital Group had secured approximately US$728 million in green loans for projects across Asia Pacific. This prior financing includes a US$280 million loan for an AI-ready site in Malaysia, approximately US$160 million for a Mumbai facility, and a US$105 million loan converted into green financing for its JC2 campus in Jakarta.

The JC2 campus in Jakarta holds BCA Green Mark Platinum certification, a Singapore green building standard, while the Mumbai campus has IGBC Platinum status from the Indian Green Building Council.

AI-Ready Infrastructure Design

The planned JC3 campus in Jakarta is designed for newer AI workloads and will support both liquid cooling and air cooling. Liquid cooling is relevant as newer AI chips produce higher heat output. PDG uses the term “AI-ready” for sites built specifically for AI and cloud companies.