This move underscores the growing emphasis on sustainable practices within the data center industry, particularly as the demand for AI and cloud services surges. Green loans, like the one secured by Singtel, are specifically earmarked for environmentally friendly projects. According to Arthur Lang, Singtel's group chief financial officer, in a released statement, this loan will enable them to support Singapore's digital economy while reducing their carbon footprint in keeping with their net zero goals. The company emphasized the project's alignment with its commitment to achieving net-zero emissions. This isn't Singtel's first foray into green financing for data centers. In December 2023, the telecom giant secured a S$535 million green loan to refinance existing debt and support the development of two other data centers in Singapore. These investments highlight Singtel's commitment to expanding its data center capacity while prioritizing environmental sustainability.