STeP JH1 Hyperscale Data Centre, Phase 1 (52MW)

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The project comprises the development of the first phase of a 150-MW AI-ready JH1 data center campus in Sedenak Tech Park (STeP) in Johor, Malaysia. The sponsor is Princeton Digital Group (PDG), which announced on May 7th, 2024 it has secured a close to $280m (RM1.276 billion) green loan for the facility. The loan is being provided by three leading banks, Maybank, Standard Chartered Bank and UOB Malaysia who acted as Joint Green Loan Coordinators. JH1 is one of largest AI-ready campuses in Asia and is designed to cater to the infrastructure demands of some of the world’s most pre-eminent AI and cloud companies. The 150MW hyperscale project is a planned USD1.5 billion investment for PDG. The USD280 million financing is for the first 52MW phase of JH1 which is on track to be ready for service in June 2024, completing within just 12 months from the commencement of construction. https://princetondg.com/newsroom/princeton-digital-group-secures-landmark-usd280-million-green-loan-for-its-ai-ready-data-center-campus-in-johor-malaysia/#:~:text=Malaysia%20and%20Singapore%2C%207,STeP)%20in%20Johor%2C%20Malaysia. ; https://digitalinfranetwork.com/news/princeton-digital-group-delivers-phase-one-of-ai-ready-jh1-campus-in-johor/ ; https://developingtelecoms.com/telecom-technology/energy-sustainability/16672-pdg-gets-green-loan-for-malaysian-hyperscale-project.html https://princetondg.com/newsroom/princeton-digital-group-secures-landmark-usd280-million-green-loan-for-its-ai-ready-data-center-campus-in-johor-malaysia/#:~:text=Malaysia%20and%20Singapore%2C%207,STeP)%20in%20Johor%2C%20Malaysia. ; https://digitalinfranetwork.com/news/princeton-digital-group-delivers-phase-one-of-ai-ready-jh1-campus-in-johor/ ; https://developingtelecoms.com/telecom-technology/energy-sustainability/16672-pdg-gets-green-loan-for-malaysian-hyperscale-project.html