DayOne secures S$530 million green loan from DBS, OCBC and UOB for Singapore data centre
The data centre will pioneer a proof-of-concept initiative for hydrogen-based energy
Singapore's DayOne has secured a substantial S$530 million green loan from DBS, OCBC, and UOB to build its inaugural data centre in the nation. The banks revealed the joint financing arrangement on Tuesday, with DBS serving as the lead arranger, bookrunner, and green loan coordinator, while also acting as the facility and security agent.
The data centre, set to be Singapore's first of its kind, will harness on-site solid oxide fuel cell power generation, pioneering a proof-of-concept initiative exploring hydrogen-based energy solutions. The 20-megawatt facility, located in western Singapore, is scheduled for completion by Q1 2027 and incorporates advanced technologies such as vertical building-integrated photovoltaics, hybrid air and liquid cooling systems to boost energy efficiency.
The project was awarded the BCA Green Mark Platinum (Provisional) certification in December 2025, the highest sustainability rating for data centres under Singapore's Green Mark program. Industry experts highlight the strategic significance of this green data centre in the region's evolving digital infrastructure landscape, driven by surging demand for AI, cloud computing, and 5G networks.
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