Digital Edge and B.Grimm Power have secured new financing for a data center project in Thailand.

The two companies this week announced the successful signing of an $880 million green loan to finance the development of the joint venture’s 100MW BKK Campus outside Bangkok in Chonburi.

First announced in June 2025, Digital Edge and B.Grimm broke ground on the campus in September.

The first building (BKK1) is scheduled to be ready for service by Q4 2026, with the second building (BKK2) following in Q2 2027.

The loan was structured under Digital Edge’s Green Financing Framework. The company aims to be carbon neutral by 2030.

“This is Digital Edge’s largest Green Loan financing to date, reinforcing our commitment to delivering high-performance, AI-ready digital infrastructure while advancing our sustainability ambitions,” said Jonathan Walbridge, CFO of Digital Edge. “Since 2025, each of our green financings in Korea, Indonesia, and Thailand has set national records, together exceeding $2 billion – demonstrating how capital and sustainable infrastructure are increasingly aligned, with strong support from like-minded partners.”

The companies claim the loan is the largest financing ever secured for a data center project in Thailand.

“At B.Grimm Power, we believe that technological advancement and environmental stewardship must go hand in hand. By combining our deep-rooted expertise in Thailand’s infrastructure development with Digital Edge’s world-class data center capabilities, we are enabling the delivery of sustainable, high-performance digital infrastructure that supports Thailand’s digitalization ambitions,” added Nopadej Karnasuta, president of B.Grimm Power.

New York-based private equity firm Stonepeak Infrastructure Partners formed Digital Edge in August 2020. The company has around 25 data centers in operation and under construction, and more than 1.1GW of secured IT power across Japan, South Korea, India, Malaysia, Indonesia, Thailand, and the Philippines.

B.Grimm Power, founded in 1993, is one of Thailand’s largest industrial power producers. According to its website, the company currently has an installed generating capacity of 3.3GW.

Financing was supported by mandated lead arrangers comprising Bangkok Bank, Bank of Ayudhya, HSBC, KASIKORNBANK, Mizuho, Natixis CIB, Siam Commercial Bank, SMBC, and Standard Chartered. Bank of Ayudhya, Mizuho, and Standard Chartered acted as green facility coordinators.