Digital Edge and B.Grimm Power Secure $880 Million Green Loan for Thailand Data Center Campus
May 6, 2026
Digital Edge and B.Grimm Power Secure $880 Million Green Loan for Thailand Data Center Campus
Digital Edge and B.Grimm Power have secured an $880 million green loan to finance the development of their joint venture data center campus in Thailand, marking a significant milestone for sustainable digital infrastructure in Southeast Asia.
The financing, announced this week, will support the build-out of the 100MW BKK Campus located in Chonburi, outside Bangkok. First unveiled in June 2025, the project broke ground in September of the same year. The first building on the campus, BKK1, is scheduled to be ready for service by the fourth quarter of 2026, with the second building, BKK2, following in the second quarter of 2027.
The loan was structured under Digital Edge’s Green Financing Framework, which aligns with the company’s goal of achieving carbon neutrality by 2030. Digital Edge CFO Jonathan Walbridge emphasized the significance of the deal, stating: “This is Digital Edge’s largest Green Loan financing to date, reinforcing our commitment to delivering high-performance, AI-ready digital infrastructure while advancing our sustainability ambitions. Since 2025, each of our green financings in Korea, Indonesia, and Thailand has set national records, together exceeding $2 billion – demonstrating how capital and sustainable infrastructure are increasingly aligned, with strong support from like-minded partners.”
The companies claim the loan is the largest financing ever secured for a data center project in Thailand. Nopadej Karnasuta, president of B.Grimm Power, highlighted the partnership’s broader vision: “At B.Grimm Power, we believe that technological advancement and environmental stewardship must go hand in hand. By combining our deep-rooted expertise in Thailand’s infrastructure development with Digital Edge’s world-class data center capabilities, we are enabling the delivery of sustainable, high-performance digital infrastructure that supports Thailand’s digitalization ambitions.”
Digital Edge, formed in August 2020 by New York-based private equity firm Stonepeak Infrastructure Partners, now operates or has under construction around 25 data centers, with more than 1.1GW of secured IT power across key markets including Japan, South Korea, India, Malaysia, Indonesia, Thailand, and the Philippines. B.Grimm Power, founded in 1993, is one of Thailand’s largest industrial power producers, with an installed generating capacity of 3.3GW.
The financing was supported by a syndicate of mandated lead arrangers including Bangkok Bank, Bank of Ayudhya, HSBC, KASIKORNBANK, Mizuho, Natixis CIB, Siam Commercial Bank, SMBC, and Standard Chartered. Bank of Ayudhya, Mizuho, and Standard Chartered also acted as green facility coordinators. This deal underscores the growing alignment between global capital markets and sustainable infrastructure development, particularly as demand for AI-ready data centers continues to surge across Asia.
Source: datacenterdynamics
