Jul 31, 2025 | Posted by Abdul-Rahman Oladimeji
APAC data center firm Princeton Digital Group (PDG) this week announced it has secured $160 million in green loans for its MU1 data center campus in Navi Mumbai, India. The financing, provided by local financial firms Axis Bank, Kotak Mahindra Bank, and Canara Bank, will be used to fund the continued development of MU1 and support PDG’s broader green data center initiatives in India.
“Green financing is a key enabler of our mission to develop AI-ready digital infrastructure with sustainability at the core. With MU1, we are not only setting new standards for environmentally responsible data centers in India but also helping shape Mumbai’s emergence as a global hub for AI and cloud infrastructure,” said Rangu Salgame, chairman, CEO, and co-founder of PDG.
The company is also planning a 72MW data center in Chennai. This latest financing brings PDG’s cumulative green loan commitments to $728m.
