Singapore Telecommunications (SingTel) announced that it has secured a green loan worth S$643 million ($476.16 million) to fund the development of a new 58-megawatt (MW) data centre in Singapore. The loan, which spans five years, has been provided by a consortium of lenders, including DBS Group, OCBC, Standard Chartered, HSBC, and United Overseas Bank.
Green loans are specifically designated to finance projects that support environmental sustainability, reflecting the increasing focus on aligning data centre growth with climate goals, especially as industries like artificial intelligence (AI) and cloud computing drive rising demand for such facilities. SingTel’s new data centre, located in Tuas, is expected to be operational by 2026 and will feature a high-density environment ideal for handling the growing AI workloads.
Arthur Lang, SingTel’s group chief financial officer, emphasized that this green loan would help the company contribute to Singapore’s digital economy while aligning with its long-term net-zero objectives. SingTel had previously secured a S$535 million green loan in December 2023 to refinance debt and fund the development of two other data centres in Singapore.
