SINGAPORE: Keppel stated on Thursday (Oct 24) it plans to greater than double its information centre funds below administration (FUM) and broaden its capability, because the agency tries to faucet into the substitute intelligence frenzy, driving digital infrastructure funding.
Keppel stated it goals to greater than double its information centre FUM, from the present S$9 billion (US$6.80 billion) to S$19 billion within the near-term.
It goals to broaden its information centre portfolio to 1.2 gigawatt (GW) gross energy capability within the close to time period from present 650 megawatt (MW) capability.
The rising adoption of synthetic intelligence by companies to streamline operations has led to a hike in demand for digital infrastructure required to help the event of AI applied sciences.
The Asia-Pacific area has seen an increase in information centre investments in latest occasions with Blackstone-led consortium buying bigger information centre group AirTrunk for US$16 billion in early September.
Keppel have already got entry to energy, technological understanding, robust buyer relationships with hyperscalers – large-scale computing service suppliers – in addition to a number of swimming pools of capital to broaden its information centre energy capability.
The corporate has a portfolio of 35 information centres throughout key information hubs in Asia-Pacific and Europe, and can be concerned in digital infrastructure initiatives such because the Bifrost Cable System, a subsea cable system instantly connecting Singapore to the west coast of North America.
Individually, the worldwide asset supervisor reported a largely unchanged underlying internet revenue for the 9 months ended Sept. 30 in contrast with final 12 months.
Its recurring earnings jumped 14 per cent from final 12 months, underpinned by increased contributions from each asset administration and working earnings.
Keppel stated its infrastructure division goals to double its power provide to three.0 GW by 2030 and broaden its cooling enterprise.