SingTel secures $476 million green loan to develop data centre
Singapore Telecommunications (SingTel) said on Friday that it had secured a S$643 million ($476.16 million) green loan to finance the development of a new 58 megawatt (MW) data centre in the city-state. Lenders DBS Group, OCBC, Standard Chartered, HSBC, and United Overseas Bank have financed the five-year loan, SingTel said in a statement. Green loans, used to finance the development of sustainable projects, underscore the urgent need for data centre operators to reconcile their climate goals with the explosive growth of artificial intelligence (AI) and cloud computing.