Princeton Digital Group, a Warburg Pincus-backed technology company based in Singapore, announced plans to invest $1 billion to build a data center facility in Japan, its fifth market to date.
The plan is to build one of the largest hyperscale facilities in Tokyo, according to the announcement. The Japan data center campus is a major milestone in Princeton Digital’s plan to build a 600-megawatt portfolio across Asia.
The new data center 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.
The new campus is designed to serve leading hyperscalers in Japan, one of the most dynamic cloud markets in the world.
Tokyo is the largest data center market in Asia outside of China and is still in the early stages of growth, particularly in terms of entry and expansion of global hyperscalers.
According to Structure Research, Greater Tokyo’s hyperscale colocation market is expected to reach $1.6 billion by 2025, growing at a CAGR of 25.1% between 2021 and 2025.
Princeton Digital said it has already secured the land and power with construction to begin later this year.
“The Asia Pacific region is set to be the largest data center market in the world and this announcement underscores our vision to be the market leader in this region,” said Rangu Salgame, chairman and CEO of Princeton Digital Group.
He added that that the group, over the last four years, has 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. Our entry into Japan and, in particular, Tokyo demonstrates our continued ability to enter new markets that matter to our customers,” Salgame added.
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