Green Lights for DayOne Data Centres in Johor, Malaysia 🌱💻
Large-scale investment of $4.6 billion earmarked for Johor-based data centers by DayOne
DayOne Data Centres has scored a major win with a whopping RM15 billion ($3.6 billion) financing deal for its eco-friendly data centres in Johor, Malaysia. This massive investment has been coordinated by OCBC Bank, and notable players like DBS Group Holdings, UOB, CIMB Group Holdings, Malayan Banking, Credit Agricole Corporate and Investment Bank, and Standard Chartered are also on board.
Know the nitty-gritty:- Financial Breakdown: The financing is split into a RM7.5 billion Murabahah Term Financing facility (Islamic financing) and a US$1.7 billion offshore term-loan facility.- Green Financing: DayOne has prioritized sustainability with this project, aligning with green digital infrastructure development through LEED ‘Gold’ or higher certification for the data centres.- Green Energy Agreement: In addition, DayOne has inked a deal with Tenaga Nasional Berhad (TNB) for up to 500 megawatts of renewable energy, setting an important precedent for green initiatives in Malaysia's data centre industry.
This project is set to boost Malaysia's digital economy and drive sustainable growth in the region. And remember, Microsoft is also planning to launch three data centres in Malaysia by the second quarter of 2025! 🌐💡✨
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References:
- Malaysia's DayOne signs largest green financing deal
- DayOne Data Centres signs biggest green Islamic syndicated facility in Malaysia
- DayOne data centres to get up to 500 MW of renewable energy from TNB
- DayOne Data Centres secures funding for Johor project
The RM15 billion financing for DayOne Data Centres' eco-friendly data centres in Johor, Malaysia, involves collaboration with several banks, including OCBC Bank, DBS Group Holdings, UOB, CIMB Group Holdings, Malayan Banking, Credit Agricole Corporate and Investment Bank, and Standard Chartered. This significant investment also incorporates green financing and aims to align with green digital infrastructure development.
DayOne Data Centres has entered into an agreement with Tenaga Nasional Berhad (TNB) for up to 500 megawatts of renewable energy, signaling a crucial step forward for green initiatives in Malaysia's technology sector. This move could pave the way for similar ventures in the future, potentially blurring the lines between the finance, technology, and sustainability industries.
