Princeton Digital Group Plans to Triple Data Centre Capacity in Asia Amid Hyperscale Push

Princeton Digital Group plans to increase data centre capacity in its established Asian markets by up to 200 per cent, while pursuing large sites in Australia and South Korea. Chairman and CEO Rangu Salgame outlined the strategy at the Mingtiandi APAC Data Centre Forum, saying the company will doubl

Princeton Digital Group (PDG) plans to increase data centre capacity in its established Asian markets by as much as 200 per cent, while pursuing large sites in Australia and South Korea, the company’s chairman and CEO Rangu Salgame said this week at the Mingtiandi APAC Data Centre Forum on MTD TV, sponsored by Yardi.

PDG has built up its portfolio to 1.8 gigawatts of capacity in operation and under development across eight markets. “We’re going to double up, triple up the capacity in these markets,” Salgame said, referring to India, Japan, Malaysia, Singapore and Indonesia. “And that’s going to be our key over the next 12 to 24 months.” Backed by fund managers Warburg Pincus and Stonepeak, PDG has grown into one of the region’s largest data centre operators.

Salgame said the company had reached the geographic footprint it wanted and did not expect to announce further market entries during this phase. Customers already using its campuses elsewhere in Asia had encouraged expansion into Australia and South Korea, where it is seeking additional sites. Having acquired a Sydney site earlier this year, PDG is evaluating sites in Melbourne and other locations after appointing energy industry executive Scott Thomas as general manager. The company entered South Korea last November by taking on a $700 million, 48-megawatt project in Incheon alongside ESR. Due to enter service in 2028, the campus is the first phase of a planned national rollout of up to 500MW of IT capacity.

PDG said in March that it planned to raise up to $5 billion in debt this year to fund its hyperscale buildout, following $2.5 billion in capital raised during 2025, including a $1.3 billion preferred equity investment from Stonepeak. To illustrate the sums riding on delivery, Salgame described a 200MW facility requiring about $2 billion for the data centre and another $6 billion from the hyperscaler for servers, chips and networking equipment. “So it’s like $7 to $8 billion of capital they’re committing to,” he said.

PDG’s focus on hyperscale expansion is also shaping its asset sales. The company agreed last week to sell five operational Indonesian data centres to Sinar Mas for an undisclosed price. PDG entered Indonesia in 2019 by buying a 70 per cent stake in XL Axiata’s data centre portfolio, providing a foothold from which to build local capabilities. “But our real focus always has been to build a hyperscale business,” Salgame said. The PDG co-founder said the smaller enterprise business had not been an expansion priority, while Sinar Mas was seeking to grow in that segment. PDG has described its retained Indonesian hyperscale portfolio as roughly 400MW across its JC2, JC3 and JC4 campuses. It broke ground last November on JC3, a 120MW, $1 billion development east of Jakarta.