STT GDC secures $1.75b green financing for Johor data centre campus

The facility is planned to have a capacity of up to 166 MW of IT load.

ST Telemedia Global Data Centres (STT GDC) has secured up to $1.75b (US$1.37b) in green financing to support the development of its flagship Malaysian data centre campus at Nusa Cemerlang Industrial Park, Johor.

The campus, STT Johor, is planned to have a capacity of up to 166 megawatts of IT load, supporting cloud computing, artificial intelligence (AI), and high-performance computing.

Nelson Lim, group financial officer at STT GDC, said the financing would support the company's continued investment in Malaysia as demand for cloud and AI infrastructure grows.

“Disciplined, long-term capital will be critical to building infrastructure that is resilient, sustainable and able to support our customers’ requirements,” Lim added.

United Overseas Bank Malaysia acted as sole coordinator and mandated lead arranger for the financing.

Meanwhile, OCBC Bank Malaysia, Standard Chartered Bank Malaysia, and CIMB Bank participated as mandated lead arrangers.

$1 = US$0.78