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Princeton Digital Gets Green Loan for $1.5 Billion Asia AI Hub [Yahoo! Finance Canada]
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Malaysia, a first for the Asian infrastructure operator as it aims to get that complex operational by June. Most Read from Bloomberg The Warburg Pincus-backed company, which builds and operates server facilities around the region, secured the financing from Maybank, Standard Chartered Plc and United Overseas Bank Ltd. Princeton Digital said the deal marked its first so-called green loan, a form of debt targeted at environmentally friendly projects. ADVERTISEMENT From Microsoft Corp. to KKR & Co., tech firms and financiers are bankrolling data centers across Asia to support an accelerating boom in AI development and services. They're needed to support an estimated 25% annual increase in demand for the infrastructure that underpins cloud services and generative AI. This month, Microsoft pledged to invest $2.2 billion in Malaysia. Read More: KKR, Warburg Plow Into Asia Data Centers on AI, Cloud Boom Singapore-based Princeton Digital has said it's aiming to borrow $1 billion t
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