Singapore-based Princeton Digital Group (PDG) announced its plan to build data center in Tokyo, Japan, with an investment of $1 billion.
Japan is the fifth market that the company has entered in since its formation 4 years ago. With this investment, Princeton Digital marks a major milestone in its plan to build a 600 megawatts (MW) portfolio across the region.
The new campus at Saitama City will have close to 100 MW of critical IT capacity across two phases of 48.5 MW each. Saitama City is one of the major commercial centers of the Greater Tokyo area. Located 30 km north of central Tokyo, the PDG Saitama campus has a total land area of 33,047 m2.
Princeton Digital has already secured the land and power with construction to begin later this year. The facility will be built to the latest hyperscale design and standards, with unrivalled scalability, connectivity and reliability.
Rangu Salgame, Chairman and CEO of Princeton Digital Group, said: “We’ve built a strong portfolio of data centers across key Asian markets such as China, Singapore, Indonesia and India. PDG has become a partner of choice for hyperscalers across multiple countries.”
Greater Tokyo’s hyperscale colocation market is expected to reach $1.6 billion by 2025, growing at a CAGR of 25.1 percent between 2021 and 2025, said Jabez Tan, Head of Research at Structure Research.