Data storage and cloud computing computer service business concept, showing a server room interior in a data centre. Photo: 123rf
Infrastructure investor Infratil is more than doubling its forecast energy demand for data centres to more than 1000 megawatts (MW), as demand grows beyond expectations.
Infratil owns about 48 percent of Australian-based data centre business CDC, which is accelerating development of data centres across multiple sites in New Zealand and Australia.
CDC already has 388MW under construction and another 200MW of additional capacity to begin construction in the first half of the year.
A thousand megawatts would be enough to power up to 1000 homes.
Infratil already committed $479.4 million (A$433m) investment in December to CDC and planned to commit another $276.8m (A$250m) over the next two years to fund the development pipeline.
Infratil's investment in CDC is currently valued at around $5.4 billion (A$4.92b).
