Singtel, through its data centre subsidiaries DCW (DC West) and DCKC (DC Kim Chuan), has secured a S$535 million five-year green loan. Singtel’s first green loan is provided by DBS, OCBC, Standard Chartered Bank and UOB, which have also been appointed as green loan coordinators. Singtel will use the loan proceeds to refinance the borrowings and support the operations of DC West and DC Kim Chuan.
The two data centres must maintain at least a Green Mark GoldPlus certification from Singapore’s Building and Construction Authority as part of the green loan criteria. Both DC West and DC Kim Chuan have already attained the highest green building certification, Green Mark Platinum.
Singtel’s data centre portfolio will offer a total combined capacity of over 155MW once the upcoming sites are operational in 2025, with room to scale up to more than 200MW. In September, leading global investment firm KKR agreed to invest up to S$1.1 billion for a 20% stake in Singtel’s regional data centre business.
Arthur Lang, Chief Financial Officer, Singtel Group
Singtel is committed to aligning our borrowings with our environmental objectives, and we are pleased to work with DBS, OCBC, Standard Chartered Bank and UOB to invest in a more sustainable future for everyone. We will build on the success of our sustainability-linked loans, bonds and other efforts, to further expand our portfolio of green financing initiatives under Olives, Singtel Group’s sustainable financing programme. We will also continue exploring ways to incorporate technologies such as liquid cooling and AI to further improve the efficiency of all our data centres, including our upcoming DC Tuas.
