Link: https://links.sgx.com/1.0.0/corporate-announcements/AXFMMX8FZAXH3SB8/e394c37bd93c25808be68100bc8c443c3a548bd302aa4d87a5b0251ef436e068

Summary:

• Secures rights to lease a 123-hectare site near Morwell, Victoria, providing up to 720MW of gross power capacity for an AI-focused data centre campus developed in phases.

• Expansion lifts Keppel’s Asia-Pacific data centre powerbank pipeline from just over 300MW to more than 1.0GW, underpinning faster, capital-efficient growth in key digital infrastructure markets.

• Site sits within the proposed Gippsland Renewable Energy Zone, with potential dedicated transmission connections that can bypass local distribution networks to lower power costs.

• Location offers existing water infrastructure and proximity to dark fibre routes linking Melbourne, Sydney and Canberra, targeting hyperscalers and “neoclouds” seeking scalable AI capacity.

• Keppel now manages and operates 39 data centres totaling over 800MW, with the enlarged powerbank pipeline expected to support up to S$10 billion in additional data centre funds under management over the next few years.