AirTrunk, an Asia Pacific data centre platform, reports that the SGD 2.25 billion ($1.75 billion) green loan supporting its SGP2 data centre development is Singapore's largest loan and the largest green loan for a data centre.

The data centre has been built to Building and Construction Authority (BCA) Green Mark Platinum standards with a Power Usage Effectiveness (PUE) of 1.20, which AirTrunk says is one of the lowest and most efficient levels in Singapore, and aims to deliver 70 MW of essential cloud and AI computing capacity for Singapore and the region.

The loan is designed to align with the Technical Screening Criteria of the Singapore-Asia Taxonomy for Sustainable Finance, which ensures that the use of proceeds is channelled exclusively toward activities that qualify under the regional taxonomy definition of "green".

Additionally, the facility's structure sees financing begin as a green loan and includes an option to transition into a sustainability-linked loan (SLL), whereupon all financial incentives from the loan will be directed to AirTrunk's social impact fund.

Judges praised the "impressive array of innovative and ambitious features implemented throughout".

Winning the Award for innovation – loan structure (APAC), the judges also praised the transaction as an "innovative deal in an emerging and crucial sector for sustainable finance (digital transformation, data centres)", also commending the "unmatched scale, structural sophistication and full-platform integration".

Judges also noted that "sustainability is embedded at platform level, not confined to isolated KPIs, aligning capital strategy with long-term transition pathways in a high-growth, high-energy-intensity sector" and applauded its "clear signal to global capital markets [that] elevate it beyond incremental innovation".