Japan's state-owned export credit bank, Japan Bank for International Cooperation (JBIC), has signed a non-binding memorandum of understanding (MOU) with Keppel Infrastructure to support the development of a clean energy supply powering the growth of data centers across Asia. The agreement aims to encourage cooperation on renewable energy, electric transmission lines, subsea cables, and alternative fuels like hydrogen and ammonia for projects related to digitalization and data centers in Asia. This partnership between Keppel and JBIC signifies a significant step towards promoting a low-carbon future in Asia through sustainable energy and connectivity infrastructure. The collaboration seeks to leverage Keppel's expertise in sustainability and digital infrastructure with JBIC's financial capabilities and advanced technology from Japanese enterprises to establish a robust energy supply chain in the region. Keppel will play a crucial role in developing clean energy projects in Asia, including initiatives involving hydrogen and ammonia. The company is also working on projects to build new subsea cable systems using fiber technology to connect southeast Asia with other parts of the continent. The MOU between Keppel and JBIC focuses on enhancing green and digital transformations, with a key emphasis on sectors like renewable energy, transmission lines, hydrogen, ammonia, data centers, and international telecommunications cables. The partnership reflects the commitment of both entities to drive sustainable development and value creation for stakeholders in Asia. Despite Japan's position as one of the world's top economies, it ranks lower in the number of data centers compared to other nations. The increasing demand for data centers is expected to boost market growth significantly in the coming years. While the U.S. faces similar demand pressures, Japan has limited baseload energy resources domestically, emphasizing the importance of clean energy projects for meeting future energy needs. JBIC, Japan's official credit export agency, has shifted its focus from funding coal projects to pursuing net zero emissions goals, aligning with global efforts towards sustainability.