BGRIM and Digital Edge Secure Record-Breaking $880 Million Green Loan to Strengthen Thailand’s Digital Infrastructure

B.Grimm Power Public Company Limited (SET: BGRIM) and Digital Edge (Singapore) Holdings Pte Ltd. have announced the successful signing of a green loan agreement valued at $880 million, or approximately 28 billion baht. This represents the largest green loan ever secured for a data center project in Thailand. The funds will be used to develop and construct the BKK Campus, a 100-megawatt data center in Chonburi province, under a joint venture between the two companies. This milestone underscores investor confidence in Thailand’s growing potential as a hub for digital infrastructure in the region. This transaction marks a key achievement in the ongoing $1 billion co-investment plan between B.Grimm Power and Digital Edge and is the third consecutive record-setting green loan for Digital Edge in the Asia-Pacific region, following their successes in South Korea and Indonesia. It reflects the sustained growth potential for investment in the region’s digital infrastructure. The BKK Campus project will be located within the Eastern Economic Corridor (EEC), a strategic area for Thailand’s economic development. It is envisioned as a large-scale digital infrastructure facility catering to enterprise-level artificial intelligence (AI) and cloud computing needs. The project supports the national digital policy, which aims to promote investment in high-value technology and infrastructure sectors that will drive Thailand’s long-term economic growth. This collaboration combines B.Grimm Power’s expertise in developing energy infrastructure in Thailand with Digital Edge’s experience in developing and operating large-scale data centers. Sustainability is at the core of the project, to elevate digital infrastructure standards in the EEC in alignment with the growth trajectory of the digital economy. Under Digital Edge’s green financing framework, the loan will support the company’s goal of achieving carbon neutrality by 2030 and aligns with B.Grimm Power’s commitment to reducing greenhouse gas emissions. The data center is designed for high energy efficiency, targeting an annual average Power Usage Effectiveness (PUE) of 1.25, which meets world-class standards for data centers. It will also seek to attain LEED Silver certification and incorporate a mixed closed-loop cooling system, reducing water consumption and preparing the infrastructure for future integration of renewable energy sources to lower overall carbon intensity. Leading domestic and international financial institutions are supporting this funding as joint lead arrangers, including Bangkok Bank, Bank of Ayudhya, HSBC Thailand, Kasikornbank, Mizuho Bank, Natixis CIB, Siam Commercial Bank, Sumitomo Mitsui Banking Corporation, and Standard Chartered Bank. Bank of Ayudhya, Mizuho Bank, and Standard Chartered Bank are serving as green loan coordinators, demonstrating the financial sector’s confidence in sustainable digital infrastructure investment in Thailand. The development plan for BKK Campus will be implemented in two phases, with the first building (BKK1) scheduled to open in the fourth quarter of 2026 and the second building (BKK2) in the second quarter of 2027. These facilities are expected to play a pivotal role in addressing the rapidly growing demand for data and AI systems in Southeast Asia. Mr. Nopadej Karnasuta, President – Thailand, Malaysia and Energy & Industrial Solutions Business at B.Grimm Power Public Company Limited, stated that the company firmly believes technological progress must be paired with environmental sustainability. He expressed confidence that the collaboration with Digital Edge will enhance the efficiency and sustainability of Thailand’s digital infrastructure, bolstering the country’s competitiveness in the digital economy era. Mr. Jonathan Walbridge, Chief Financial Officer of Digital Edge (Singapore) Holdings Pte. Ltd., commented that this green loan is the company’s largest to date and highlights their commitment to developing digital infrastructure that supports AI technologies, while also driving sustainability objectives. Since 2025, the company has raised over $2 billion through green loans across multiple countries, reflecting the growing global trend of prioritizing sustainable infrastructure investment.