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.
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.
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.
Furthermore, in the region, Singtel has partnered with Telkom and Medco Power in Indonesia and GULF and AIS in Thailand to develop data centres in Batam and Bangkok, respectively, as reported by TelecomTalk.
Singtel's data centre portfolio will offer a total combined capacity of over 155 MW once the upcoming sites are operational in 2025, with room to scale up to more than 200 MW, said the company in a statement today.
As reported by TelecomTalk, KKR agreed to invest up to SGD 1.1 billion for a 20 percent stake in Singtel's regional data centre business.