Princeton Digital Group (PDG) has raised approximately USD 856 million in total financing to fund the build-out of its 120MW JC3 hyperscale data centre campus in Indonesia, the company announced on 7 May 2026.

The financing comprises a fully underwritten USD 456 million syndicated facility — backed by DBS, HSBC, Maybank, SMBC, and Standard Chartered — alongside an accordion facility of approximately USD 400 million currently in progress. The deal is structured under PDG’s Green Finance Framework and is described as among the largest green loans in the region.

Indonesia’s hyperscale demand drives record financing

Indonesia has emerged as one of the fastest-growing data centre markets in Asia, driven by expanding hyperscale customer requirements and government-backed digital economy initiatives. PDG, which is headquartered in Singapore and operates across seven Asian markets, says the JC3 campus is being built to meet demand from hyperscalers requiring large-scale capacity delivered with speed and predictability.

“Indonesia is a key market in our portfolio, where demand for high-quality data center capacity continues to accelerate. As hyperscalers expand in the country, they require partners who can deliver at scale with speed, certainty, and global standards,” said Rangu Salgame, Chairman, CEO and Co-Founder of PDG.

PDG’s Indonesia and regional footprint

PDG has a total Indonesia portfolio of 400MW across its campuses, with JC3 representing a significant expansion of that capacity. The company also recently announced the launch of JC4 and has made investments in renewable energy procurement and connectivity across its Indonesian operations. PDG’s total portfolio now exceeds 1.8GW across seven countries in Asia, spanning Singapore, Japan, India, Indonesia, China, Malaysia, and South Korea.

The scale of the financing round signals sustained institutional confidence in Southeast Asia’s digital infrastructure buildout, with five major international banks underwriting the facility. For the data centre sector, the deal marks one of the more substantial single-campus financing rounds seen in the region.