Singapore: Empyrion DC secures S$133 million green loan

Feb 27, 2024 | Posted by Abdul-Rahman Oladimeji

Empyrion DC, a Singapore-based data center operator, has secured a green loan worth S$133 million (US$98 million) to refinance its  SG1 Dodid data center in Singapore, with proceeds used to “support existing operations” at the 12.5MW facility. This financing was provided by the UOB bank.

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.”