Thai Data Center Project Gets Record $880 Million Loan (1)

Data center operator Digital Edge and power producer B.Grimm Power Pcl have signed an $880 million loan for their Thai data center campus.

The financing — the largest ever for a data center project in Thailand — will go into developing the 100 megawatt BKK Campus near Bangkok, the companies said in a joint statement, confirming an earlier Bloomberg News report.

Strong demand for artificial intelligence capabilities has made data center companies more willing to take on debt to expand. Moody’s Ratings expects at least $3 trillion to flow into investments in the sector over the next five ...