Malaysia: GSD raises $270m green financing for Malaysian facility

Dec 08, 2023 | Posted by Abdul-Rahman Oladimeji

Chinese data center developer and operator GDS has raised MYR1.27 billion ($270m) in green financing for its Nusajaya Tech Park data center in Malaysia. The finance was secured from four financial institutions: UOB Malaysia, Bank of China (Malaysia) Berhad, OCBC Bank (Malaysia) Berhad, and Standard Chartered Bank (Malaysia) Berhad.

William Huang, chairman and CEO of GDS said, "We are excited to announce our collaborations with these highly prestigious and forward-thinking banks. With their support, these green loans will fuel our business with green energy, empowering us to extend our reach and embark on a sustainable journey in Southeast Asia.”

Ng Wei Wei, CEO of UOB Malaysia said: "UOB has been supporting GDS in its regional ambitions through our strong connectivity and we are honored to be given the mandate as sole coordinator and joint MLAB for their maiden venture in Malaysia. Our financing for GDS's state-of-the-art green data center underscores our commitment to support the nation's net-zero ambitions and aspiration to be a leading regional data center hub."