Feb, 28, 2024 - Empyrion DC, a Singapore-based data center operator, has secured a green loan worth S$133 million (US$98 million) to refinance one of its data centers.
The five-year loan will help refinance the company’s SG1 Dodid data center in Singapore, with proceeds used to “support existing operations” at the 12.5MW facility. The financing was provided by the UOB bank.
Empyrion acquired the data center in 2021 in a deal worth S$200 million (US$146.2m) from Dodid Pte Ltd. It was built in 2018.
Mark Fong, Empyrion DC CEO, said: “We continue to drive ESG goals through our core strategy of building and operating data centers that are green by design from the start. We are delighted to partner UOB in sustainability financing and will continue to explore innovative data center design and energy-efficient technologies to power up our journey to be the leading green data center operator in Asia.”
Leong Yung Chee, head of group corporate banking at UOB, added: “Singapore is Asia Pacific’s data center hub, and having the opportunity to partner [with] innovative and sustainable companies such as Empyrion DC reinforces the country’s competitive edge in the digital economy.
“Empyrion DC’s Green Mark Platinum certified SG1 Dodid Data Centre in Singapore is backed by its first green loan, which will bolster the company’s strategies for energy efficiency.”
SG1 Dodid is Empyrion DC’s first data center project. The company is currently developing its second facility, KR1 Gangnam Data Centre, in Seoul, South Korea, which will offer 40MW of capacity when completed in 2025. It secured financing for this project in April last year.
