Princeton Digital Group (PDG) recently secured US$856 million in financing to fund its massive expansion in Indonesia, specifically focusing on its JC3 campus in Bekasi. This deal is a major step in building out “AI-ready” infrastructure to meet the booming demand for hyperscale and artificial intelligence workloads in Southeast Asia.
Key Details of the Deal
- Financing Structure: The package consists of a US$456 million syndicated loan and a US$400 million accordion facility.
- Lenders: The financing was fully underwritten by five major banks: DBS, HSBC, Maybank, SMBC, and Standard Chartered.
- Sustainability: It is structured as a green loan under PDG’s Green Finance Framework, making it one of the largest green financing projects for data centers in the region.
The JC3 Campus Expansion
- Capacity: Once complete, the JC3 campus is expected to deliver 120 MW of IT load capacity.
- Technology: The facility is designed for high-density AI workloads, featuring advanced liquid cooling and modular construction for speed.
- Timeline: The project broke ground in November 2025, with the first phase expected to be “ready-for-service” by Q4 2026.
- Strategic Growth: This expansion brings PDG’s total capacity in Indonesia to approximately 230 MW (and up to 400 MW in the pipeline), reinforcing its position as a dominant player in the country.
This move highlights how Indonesia is becoming a critical hub for global hyperscalers looking for alternatives to the land-constrained Singapore market.