GDS Nets $270M Green Financing for Johor Data Center

In a significant move towards sustainable development, data center operator GDS Holdings has obtained $270M in green financing for its project in Johor, Malaysia. This is part of GDS’s commitment to sustainability and is the first green loan in the data center sector in South East Asia.

GDS’s Green Commitment

GDS Holdings, a leading developer and operator of high-performance data centers in China, has become the first in South East Asia’s data center sector to secure a green loan. The $270M loan is slated for the development of their data center in Johor, Malaysia, and is a testament to the company’s commitment to sustainability.

Details of the Green Financing

The green loan was obtained from a syndicate of four banks, namely DBS Bank, Standard Chartered Bank, Sumitomo Mitsui Banking Corporation, and OCBC Bank. The financing will contribute to the construction and operation of the Johor data center, aiming to minimize environmental impact.

The Johor Data Center Project

The Johor data center is being built in accordance with the Green Building Index (GBI) and Leadership in Energy and Environmental Design (LEED) standards. Once complete, it will be equipped with energy-efficient technologies to reduce greenhouse gas emissions and conserve resources.

This move by GDS Holdings signifies the increasing trend of sustainability in the tech industry, particularly in the data center sector. With this green loan, the company is setting an example for other businesses in the region to follow, demonstrating that sustainable practices are not only good for the environment but also feasible and beneficial for the business.