PDG Secures $856 Million in Green Financing for 120MW Jakarta Data Center Campus
May 7, 2026
PDG Secures $856 Million in Green Financing for 120MW Jakarta Data Center Campus
Princeton Digital Group (PDG), a leading Asia-based data center operator, has raised $856 million to fund the construction of its 120MW JC3 campus in Jakarta, Indonesia. The financing marks one of the largest green loans in the region and underscores the growing demand for hyperscale and AI-ready infrastructure in Southeast Asia.
The JC3 campus is designed to support hyperscale and artificial intelligence deployments, and will consist of two data center buildings developed in phases. The funding package includes a $456 million syndicated facility and a $400 million accordion facility, which is currently in progress. The syndicated portion is fully underwritten by a consortium of global banks including DBS, HSBC, Maybank, SMBC, and Standard Chartered, and is structured under PDG’s Green Finance Framework.
“Securing this financing underscores both the strength of our business model and the confidence of leading global financial institutions in our ability to execute at scale,” said Rangu Salgame, chairman, CEO, and co-founder of PDG. “Indonesia is a key market in our portfolio, where demand for high-quality data center capacity continues to accelerate. As hyperscalers expand in the country, they require partners who can deliver at scale with speed, certainty, and global standards.”
PDG has made substantial investments in Indonesia, with a total portfolio of 400MW across the country. Across Asia, including markets such as Malaysia, Japan, India, China, Singapore, and South Korea, the company claims a total capacity exceeding 1.8GW. The JC3 campus broke ground in November last year, and in April, PDG acquired an additional site in Jakarta for a planned fourth campus, JC4.
The financing reflects the broader trend of hyperscale cloud providers and AI firms rapidly expanding their digital infrastructure in the region. With Indonesia emerging as a strategic hub, PDG’s ability to secure large-scale green financing signals strong institutional confidence in the long-term growth of the country’s data center market. Founded in 2017 and headquartered in Singapore, PDG is also exploring development opportunities in Australia. Reports emerged in April that the company may be considering a strategic review and minority sale, though these remain unconfirmed.
Source: datacenterdynamics
