SINGAPORE: Keppel mentioned on Thursday (Oct 24) it plans to greater than double its knowledge centre funds below administration and increase its capability, because the agency tries to faucet into the substitute intelligence frenzy, driving digital infrastructure funding.
Keppel mentioned it goals to greater than double its knowledge centre FUM, from the present S$9 billion (US$6.80 billion) to S$19 billion within the near-term.
It goals to increase its knowledge 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 assist the event of AI applied sciences.
The Asia-Pacific area has seen an increase in knowledge centre investments in latest instances with Blackstone-led consortium buying bigger knowledge 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 increase its knowledge centre energy capability.
The corporate has a portfolio of 35 knowledge centres throughout key knowledge hubs in Asia-Pacific and Europe, and can be concerned in digital infrastructure initiatives such because the Bifrost Cable System, a subsea cable system immediately connecting Singapore to the west coast of North America.
Individually, the worldwide asset supervisor reported a largely unchanged underlying web revenue for the 9 months ended Sept. 30 in contrast with final yr.
Its recurring revenue jumped 14 per cent from final yr, underpinned by greater contributions from each asset administration and working revenue.
Keppel mentioned its infrastructure division goals to double its vitality provide to three.0 GW by 2030 and increase its cooling enterprise.
