Singapore data centre operator secures RM5.6b green financing for Johor campus

KUALA LUMPUR, Aug 13 - ST Telemedia Global Data Centres (STT GDC) has secured up to US$1.37 billion (RM5.6 billion) in green financing to develop its flagship data centre campus in Johor, Malaysia. The financing, backed by United Overseas Bank, OCBC Bank, Standard Chartered Bank, and CIMB Bank, includes a green loan for the first phase of the STT Johor campus at Nusa Cemerlang Industrial Park.

STT GDC's CFO, Nelson Lim, highlighted the financing as a significant milestone, demonstrating confidence in the project and digital infrastructure sector. The campus, with a planned capacity of up to 166 megawatts, aligns with Johor's strengths in connectivity, power infrastructure, talent, and proximity to Singapore. STT GDC is committed to sustainability, with 83.2% of its electricity consumption in 2025 coming from renewable energy and a 70.5% reduction in carbon intensity compared to its 2021 baseline.