AirTrunk, owned by Blackstone Inc, announced on July 29, 2026, that it secured a US$2.3 billion green loan from a syndicate of 30 lenders led by 10 global coordinator banks to finance its JHB2 hyperscale data centre project in Johor, Malaysia [1, 2, 3, 4, 5, 6]. Major banks leading the loan include Crédit Agricole CIB, DBS Bank Ltd, HSBC Holdings plc, Sumitomo Mitsui Banking Corporation, and United Overseas Bank Ltd [1, 2, 3, 4, 5, 6].

The loan is classified as green because the JHB2 facility targets a power usage effectiveness (PUE) ratio of 1.37, which is below the global data centre average of approximately 1.5 to 1.6, reflecting high energy efficiency standards. AirTrunk stated, "The loan is classified as green due to the facility’s energy and water efficiency performance" [1, 2, 3, 4, 5, 6].

In addition to energy efficiency, AirTrunk plans to deploy advanced water-efficient cooling technologies at JHB2 to boost water resource conservation [1, 2, 4, 5, 6]. The green loan also allows the company to reduce financing costs. AirTrunk said, "The green loan will allow AirTrunk to generate margin savings which will support its social impact programme in Malaysia" [3].

There is some disagreement about the Malaysian Ringgit equivalent of the loan amount. Some sources state it as RM9.41 billion, while others cite RM94.1 billion, though the lower figure is considered more reliable [1, 4, 5, 6].

Separately, AirTrunk is negotiating a separate A$4.3 billion (US$3 billion) loan for a data centre project in Australia and is preparing for a Singapore REIT initial public offering expected to raise about US$1.5 billion [1, 2, 3].

The growth in artificial intelligence technologies has driven increased demand for data centre capacity and related financing across the Asia-Pacific region [1, 3, 4]. However, some banks are managing risk exposure by limiting or selling portions of their data centre loans. For example, Crédit Agricole sought to sell part of its loan to ESR Group after reaching its internal lending cap [1, 3, 4].

AirTrunk’s funding deal marks one of the region’s largest green loans for hyperscale data infrastructure. The company continues advancing the JHB2 project in Johor, Malaysia, following the loan announcement on July 29, 2026 [2, 3].