Singtel Secures SGD 535 Million Green Loan to Support Data Centre Operations

Singapore’s Singtel, through its data centre subsidiaries DCW and DCKC, has secured an SGD 535 million five-year green loan provided by DBS, OCBC, Standard Chartered Bank, and UOB, which have also been appointed as green loan coordinators. Singtel said it will use the proceeds from its first green loan to refinance borrowings and support the operations of DC West and DC Kim Chuan.

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Also Read: Singtel Commences Construction of 58 MW Data Centre in Tuas, Singapore

Green Financing

As part of the green loan criteria, the two data centres must maintain at least a Green Mark GoldPlus certification from Singapore’s Building and Construction Authority. Singtel noted that both DC West and DC Kim Chuan have already attained the highest green building certification, Green Mark Platinum.

Also Read: Singtel Announces Consolidation, Forms Digital InfraCo to Drive Growth in Digital Infrastructure

Technological Advancements

Commenting on the development, the Singtel Group said, “We will build on the success of our sustainability-linked loans, bonds, and other efforts to further expand our portfolio of green financing initiatives under Olives, Singtel Group’s sustainable financing program. We will also continue exploring ways to incorporate technologies such as liquid cooling and AI to further improve the efficiency of all our data centres, including our upcoming DC Tuas.”

Singtel’s Data Centre portfolio

In addition to DC Kim Chuan and DC West, which offer a combined capacity of 62 MW, Singtel recently broke ground on its new hyper-connected 58 MW green data centre, DC Tuas, in Singapore, as reported by TelecomTalk in August 2023.