AirTrunk has secured US$2.325 billion (RM9.5 billion) in green financing under its Green Financing Framework to support the development of its JHB2 hyperscale data centre campus in Johor Bahru, Malaysia.
The company said the deal is the largest green project finance transaction for a single data centre in Malaysia and its largest single-asset financing to date. It follows growing regional demand for cloud and AI infrastructure, alongside increasing scrutiny of data centre energy and water use.
AirTrunk said the funding will support the build of JHB2, which is targeting a design Power Usage Effectiveness (PUE) of 1.37 and will use advanced water-efficient cooling technology.
The company said margin savings from the transaction will continue to fund its social impact program in Malaysia, including recycled water programs in schools through Gravity Water and Water Watch Penang, disaster relief through MERCY Malaysia, and STEM education initiatives with Universiti Teknologi Malaysia (UTM).
Pei Jet (PJ) Lim, AirTrunk vice president and country head, Malaysia, said: “This green financing demonstrates how digital infrastructure can be developed responsibly. As one of the largest issuers of sustainable finance in the global data centre industry, we will continue to invest in infrastructure that prioritises energy and water efficiency while ensuring the benefits extend beyond our campuses through meaningful contribution to support local communities.”
Edmund Tan, AirTrunk senior director, Treasury Loans, said: “This transaction reflects the strength of AirTrunk’s sustainability credentials and the confidence leading global financial institutions have in our long-term strategy. Structured around transparent environmental KPIs, the financing supports our pathway to net zero by 2030 while reinforcing our commitment to building efficient digital infrastructure that creates long-term value for our customers, communities and investors.”
AirTrunk said a consortium of 30 Malaysian and international financial institutions backed the green loan. The transaction also marks AirTrunk’s first financing from the International Finance Corporation (IFC), part of the World Bank Group, and the company said it is the first data centre financing in Asia-Pacific aligned with the IFC’s Blue Finance Guidelines 2.0.
The financing was led by 10 global coordinators: BNP Paribas, Crédit Agricole Corporate and Investment Bank, DBS Bank Ltd., ING Bank N.V., Mizuho Bank, Ltd., MUFG Bank, Ltd., Société Générale, Sumitomo Mitsui Banking Corporation, The Hongkong and Shanghai Banking Corporation Limited, and United Overseas Bank Limited.
AirTrunk said CIMB Bank, Clifford Capital Credit Solutions Pte. Ltd., IFC, National Bank of Kuwait, and Standard Chartered Bank (Singapore) Limited served as mandated lead arrangers, underwriters and bookrunners. Green loan coordinators were Crédit Agricole Corporate and Investment Bank, DBS Bank Ltd., ING Bank N.V., and HSBC.
The company said the transaction builds on its broader sustainability strategy, including energy-efficient infrastructure, renewable energy procurement, water stewardship and community partnerships across Asia-Pacific and the Middle East.
