Princeton Digital Group on Monday announced a $1 billion investment plan in which the company will develop data centres in its home city of Singapore and in the nearby markets of Batam and Johor as an extension of its Lion City operations.
Dubbed the Singapore-plus strategy, the expansion will start with a new 96-megawatt campus in Batam, PDG said in a release. The Warburg Pincus-backed firm is building the facility on 15 acres (6 hectares) of the Indonesian island across the Singapore Strait from the city-state, with the finished project to comprise four buildings of up to 24MW capacity each.
PDG’s campus is located within Nongsa Digital Park on the northeast tip of Batam, a special economic zone designated by Indonesia’s government as a “digital bridge” between the neighbouring countries.
“The new campus in Batam reinforces our growth strategy and solidifies our already strong presence across the region in China, Singapore, India, Indonesia and Japan,” said PDG co-founder, chairman and CEO Rangu Salgame.
Targeting Green Projects
Power is fully secured for the Batam campus, which kicks off a planned series of green data centres in line with PDG’s net-zero emissions goals.
“The climate impact of digital transformation has redefined the way we develop and operate our data centres,” said Asher Ling, PDG’s managing director for Singapore. “PDG aims to build next-generation, best-in-class green data centres, and we will be working closely with local partners and regulators to incorporate sustainable and renewable energy initiatives to power our Batam data centre.”
As part of its rapid regional expansion, PDG in December launched a 48MW data centre in Mumbai. With an investment of $300 million, the Indian flagship MU1 is built across 6 acres within a larger IT campus at Airoli, Navi Mumbai. The company’s 100MW campus in Tokyo is scheduled for completion in 2024.
Founded in 2017 and backed by global investors Warburg Pincus, Mubadala Investment Company and the Ontario Teachers’ Pension Plan, PDG has a presence in five countries with a portfolio of 20 data centres and 600MW capacity.
Island in the Spotlight
In addition to PDG’s new development, Singaporean telecom major Singtel in December announced that it has joined forces with longtime partner Telkom and energy firm Medco Power to develop a 51MW hyperscale campus at Kabil Industrial Estate along Batam’s eastern seaboard.
The campus will be developed in three phases on a 19.8 acre site, with the initial phase delivering 20MW of capacity. The asset will be majority-owned by Telkom, while Singtel and Medco Power will be minority shareholders.