The Asian Development Bank (ADB) has signed a green loan worth THB 900 million (USD 26.8 million) with GSA Data Center 01 Company Limited (GSA) to finance the development, construction and operation of a 25.6 MW colocation green data center in Samut Prakan, Thailand. GSA is a joint venture between Gulf Development, Singtel, and AIS. Operations for the data center are scheduled to begin in 2025.
The facility will be built to Tier III standards, with a designed power usage effectiveness (PUE) of 1.4 and an expected LEED Gold certification. This marks ADB’s first loan in Thailand’s data center sector. Most of the center’s space will be leased to technology and AI companies, with renewable energy options offered through certificates and procurement.
The project aligns with Thailand’s climate commitments-30 per cent emissions reduction by 2030, carbon neutrality by 2050, and net zero by 2065. It is also supported by ADB’s Bio Circular Green Growth (BCG) program, which provided the due diligence on data center emissions and renewable energy procurement.
In December 2024, the ADB and Gulf Renewable Energy Company Limited finalised a $820 million loan to finance 12 renewable energy projects in Thailand, comprising eight solar photovoltaic plants of 393 MW and four solar-plus-storage plants of 256 MW with 396 MWh of storage.