APAC-focused data center firm Princeton Digital Group (PDG) has converted more of its debt to be linked to sustainability goals.

The company this week converted a $105 million loan into green financing for its 22MW JC2 data center campus in Jakarta, Indonesia.

The conversion was arranged in collaboration with Green Loan Coordinators, PT Bank DBS Indonesia, and PT Bank UOB Indonesia.

“Green financing is crucial for the development of low carbon infrastructure for long term environmental resilience. This financing by top banks is further evidence of how PDG is solving for sustainability while building at scale for AI,” said Rangu Salgame, chairman, CEO and co-founder of PDG. “By pioneering innovations like biomass energy, we're delivering data centers that power Indonesia's digital economy while supporting its net-zero goals.”

First announced in August 2021, JC2 is the second of two data centers at its Jakarta campus, alongside JC1. The facility opened in September 2023, offering 22MW across 23,850 sqm (256,719 sq ft). At the time, the company said it would be investing $150 million in the project.

JC3 is a planned two-building campus also in Jakarta. Across the rest of the Indonesia, PDG offers a total of 8MW across locations of Bandung, Bintaro, Pekanbaru, and Surabaya.

Sustainability-linked financing is becoming an increasingly popular way for data center firms and telcos to raise funds for projects. Green loans will have repayment interest rates tied to specific sustainability goals, while green bonds are used to fund projects that fit certain sustainability criteria.

PDG has previously secured green loans for data center projects in Singapore and Malaysia, totaling a combined $375m.