SMBC arranges green loan for Bekasi data center, part of $4.5 bln campus plan

By Romel S. Gurky

Sumitomo Mitsui Banking Corporation (SMBC) said it has arranged a US$665 million green loan for a hyperscale data center project in Bekasi, West Java, part of a broader multi-billion-dollar digital infrastructure development.

The financing will support the first phase of the CGK Campus, a 500-megawatt data center complex being developed by Digital Edge DC at the Greenland International Industrial Center (GIIC) in West Java.

The project forms part of a wider $4.5 billion multi-phase plan to build one of the region’s largest AI-ready data center campuses.

SMBC acted as mandated lead arranger for the transaction, which was structured under Digital Edge’s green financing framework and is aimed at supporting the company’s target of achieving carbon neutrality by 2030.

Read also: Digital Edge raises $665 mln for Indonesia hyperscale data center

The loan was led by a syndicate of international and regional lenders, including BNP Paribas, Crédit Agricole CIB, DBS Bank, Mizuho Bank, OCBC Bank and Bank Central Asia.

The CGK Campus is designed for high-density computing and artificial intelligence workloads, with a targeted power usage effectiveness of around 1.25. The facility will incorporate recycled water systems, renewable energy integration and is being prepared for LEED certification standards.

Rising demand for cloud services, artificial intelligence and digital applications has driven investment in large-scale data center capacity across Southeast Asia, with Indonesia emerging as a key growth market.

Digital Edge, backed by infrastructure investor Stonepeak, operates data center and fiber assets across nine Asia-Pacific markets with a total capacity of about 1.8 gigawatts.

Editing by Alexander Ginting