The Nasdaq-listed AI cloud provider says it expects to spend more than $10 billion on the project, called Redbank, which would be built in stages over six to eight years and target a grid connection in 2029.
Singapore has too little land, tight limits on new data centre power, and strong demand for capacity. Keppel’s answer is to build offshore, and after several years of concept work the project is now under construction.
Major Sydney projects still waiting on power include Goodman Group’s Eastern Creek development, NextDC’s planned S7 complex, Stack Infrastructure’s SYD1 and AirTrunk’s S4 complex.
