As Apac green financing grows, the funding, backed by 30 institutions including IFC, will help develop hyperscale campus JHB2 in Johor, which is targeting a design power usage effectiveness of 1.37 and using water-efficient cooling technology.
The solar power plant, awarded under the Corporate Green Power Programme, will be in the state of Kedah, with BNP Paribas providing $37m of funding. TotalEnergies is also building a plant in the Philippines.
Humayun Habib, former Apac director of finance at Cargill, spoke about his experience on the production lines, which later helped him succeed in finance transformation. Habib has moved to a new role at Malaysia’s Premium Vegetable Oils.
The increased digital capabilities of regional banks has increased competition for treasury centre investment across Asia as less established locations look to take business from Singapore, Hong Kong and Shanghai.