SingTel secures $476 million green loan to develop data centre
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Feb 06 2025
0mins
Source: Yahoo Finance
Green Loan Acquisition: Singapore Telecommunications (SingTel) has secured a S$643 million green loan to finance a new 58 MW data centre, highlighting the need for sustainable development in the face of growing AI and cloud computing demands.
Operational Goals: The DC Tuas data centre is set to be operational by 2026, aiming to support Singapore's digital economy while aligning with SingTel's net zero carbon footprint goals.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
