Australia’s AirTrunk has secured $2.325 billion in green project financing under its Green Financing Framework to support the development of its JHB2 hyperscale data center campus in Johor Bahru, Malaysia.
In a statement on Thursday, AirTrunk said the funding is the largest green project finance transaction for a single data center in Malaysia and AirTrunk’s largest single-asset financing to date.
The JHB2 campus can achieve a Power Usage Effectiveness of 1.37 and can utilize advanced water-efficient cooling technology. Margin savings from the transaction will support AirTrunk’s social impact programs in Malaysia, including recycled water programs in schools through Gravity Water and Water Watch Penang, disaster relief through MERCY Malaysia, and STEM education initiatives with Universiti Teknologi Malaysia.
Pei Jet Lim, AirTrunk Vice President and Country Head for Malaysia, said the green financing demonstrates how digital infrastructure can be developed responsibly. AirTrunk will continue to invest in infrastructure, prioritizing energy and water efficiency while extending benefits to local communities.
Edmund Tan, AirTrunk Senior Director of Treasury Loans, said the transaction reflects the strength of AirTrunk’s sustainability credentials. The deal also supports the company’s pathway to net zero by 2030.
Vikram Kumar, IFC’s Regional Industry Director for Infrastructure and Natural Resources in Asia Pacific, said the green loan also delivers water efficiency benefits under IFC Blue Finance Guidelines. The deal highlights how development capital can support energy efficient infrastructure strengthening Malaysia’s digital economy.
Amit Sinha, Global Head of Telecommunications, Media and Technology at DBS Bank’s Institutional Banking Group, said AI and digital services are driving unprecedented demand for resilient and sustainable digital infrastructure across Asia. The transaction helps position Malaysia as a leading hub for cloud and AI infrastructure in the region, the executive added.
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