AirTrunk secures $1.24bn green loan for Tokyo data center campus expansion
Type: Financing · Technology: Data Center · Country: Japan · Capacity: 300 MW · Value: $1.24B · Announced: 2026-03-10
AirTrunk secured a $1.24bn green loan to expand its TOK1 hyperscale data center campus in East Tokyo by 100MW of IT load. This financing, led.
Analysis
AirTrunk's $1.24 billion green loan for its TOK1 hyperscale data center campus expansion in East Tokyo highlights the robust demand for sustainable digital infrastructure financing in the Asia Pacific. This substantial capital injection will facilitate a 100MW IT load expansion, bringing the TOK1 facility to 300 MW capacity and significantly boosting AirTrunk's regional footprint of over 1.3GW committed capacity across 11 facilities. The "green loan" designation aligns the project with increasing investor and lender focus on ESG principles within critical infrastructure. For AirTrunk, a Sydney-based developer, this financing directly supports its strategy of scaling hyperscale data center operations to meet escalating cloud and enterprise needs in key Asian markets. This development stage financing positions the East Tokyo campus as a cornerstone asset in AirTrunk's portfolio. A diverse syndicate of eleven lenders, including major Japanese, Singaporean, French, and Taiwanese financial institutions, participated, demonstrating broad institutional appetite for large-scale data center debt. Mizuho Bank, a core subsidiary with approximately $1.7 trillion in total assets, and MUFG, involved in sustainability initiatives, represent the strong Japanese banking presence. Singapore-headquartered UOB, OCBC, and DBS Bank, with over S$799 billion in total assets for DBS alone, highlight regional financial power. European lenders like Société Générale, with a track record in renewable energy financings totaling $2 billion across two verified deals, BNP Paribas, and Crédit Agricole CIB, further diversify the syndicate. The participation of E.SUN Commercial Bank, a leading Taiwanese bank with approximately $100 billion in total assets, collectively validates the commercial viability and green credentials of AirTrunk's TOK1 expansion.
Key points
- AirTrunk secured a $1.24 billion green loan for its TOK1 hyperscale data center campus.
- The financing supports a 100MW IT load expansion, bringing TOK1's total capacity to 300 MW.
- Eleven lenders participated, including major Japanese banks like Mizuho Bank ($1.7 trillion assets) and MUFG.
- Singaporean financial powerhouses UOB, OCBC, and DBS Bank (S$799 billion assets) joined the syndicate.
- European lenders Société Générale, BNP Paribas, NATIXIS, and Crédit Agricole CIB contributed to the green financing.
Counterparties
- AirTrunk (Developer)
- SMBC (Lender)
- NATIXIS (Lender)
- E.SUN Commercial Bank (Lender)
- Credit Agricole CIB (Lender)
- BNP Paribas (Lender)
- UnitedOverseas Bank (Lender)
- MUFG (Lender)
- Oversea-Chinese Banking Corporation (OCBC) (Lender)
- Société Générale (Lender)
- DBS Bank (Lender)