Princeton Digital Group (PDG) has launched a new data center in Navi Mumbai, India. The development is the company’s first data center in the country.
Built on a six-acre site in the Airoli area of the city, MU1 offers 48MW of capacity across two buildings and has achieved IGBC Platinum certification.
The company said it has invested $300 million in the project, which will be targeting hyperscalers and large enterprises.
Rangu Salgame, Chairman, CEO, and co-founder of PDG said, “India is one of the fastest growing data center markets in the world today and is a key focus market for PDG. We are committed to delivering hyperscale grade capacity at global standards to our customers in India. The launch of MU1 further strengthens our position as a leading Pan-Asia datacenter operator, that is focused on creating sustainable value and being an enabler of digital growth. Our continued track record of delivering on our commitments is a key factor that makes PDG the partner of choice for hyperscalers across Asia Pacific.”
First announced in March 2021, PDG said it delivered MU1 within ~20 months of its announcement and ahead of its scheduled timeline, despite supply chain challenges.
PDG said MU1 will be powered up to 40 percent by renewable energy, is the first Open Compute Project (OCP) certified data center in the country, and will also be Uptime Tier III certified in the future.
“With a formidable team of highly experienced data center professionals, PDG has ambitious plans to scale and expand across India and is also committed to the cause of grooming young engineering talent into leaders of tomorrow,” said Vipin Shirsat, Managing Director, India, PDG.
PDG was set up with the help of Warburg Pincus in 2017 and is currently building or running 20 data centers across China, Singapore, India, Japan, and Indonesia. At full build-out, its currently planned portfolio will total more than 600MW.
This year the company raised another $500 million in a round led by the Abu Dhabi government's investment arm, Mubadala. In April 2021 it raised $230 million from China Merchants Bank, following an equity investment of $360 million from the Ontario Teachers’ Pension Plan in October 2020. The company is reportedly considering an IPO in the future.