Hyperscale data center provider, AirTrunk, has announced the successful close of a Green Loan in Japan, which will finance the company’s latest data center project in Tokyo.

Codenamed AirTrunk TOK2, the recently announced West Tokyo data center project marks AirTrunk’s second facility in Tokyo, designed to deliver about 110MW of power capacity upon full build, and sited on more than 4.6 hectares (11.36 acres) of land.

According to AirTrunk, this Green Loan is the first to use operating ‘power usage effectiveness’ PUE and water productivity as eligibility criteria. The Green Loan is also part of AirTrunk’s new Green Financing Framework which complements the company’s Sustainability Linked Loan (SLL) that was announced in late 2021.

“We continue to drive sustainable innovation throughout the design, build, operations and financing of our data centers. The green loan closed today has set several industry benchmarks including being the first for a data center in Japan, and first to use eligibility criteria based on operating PUE and water productivity,” said Prashant Murthy, Chief Financial Officer at AirTrunk.

“AirTrunk’s financing platform, including the new Green Financing Framework and SLL, takes AirTrunk to a clear leadership position in sustainable data center financing. Linking our debt facilities to sustainability performance, holds our business to account on our commitments. The categories we selected as eligibility criteria for the Framework are key priorities for AirTrunk and its customers to ensure we continue to deliver the most sustainable digital infrastructure in the region.”

AirTrunk’s first data center in Tokyo, Japan was opened in November 2021 as a flagship campus that can scale to deliver over 300MW capacity. Codenamed TOK1, the facility is also the company’s first data center in Japan and marked its sixth operational data center, joining SYD1, SYD2 and MEL1 in Australia, SGP1 in Singapore and HKG1 facility in Hong Kong.