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Keppel Corporation Limited ( (SG:BN4) ) has issued an announcement.
Keppel has expanded its Asia-Pacific data centre powerbank pipeline from more than 300MW to over 1GW of gross power capacity, strengthening its ability to scale its data centre portfolio quickly and competitively in key growth markets. The latest move is anchored by the Connectivity Division securing rights to lease a 123-hectare site near Morwell, Victoria, capable of up to 720MW of power for an AI-focused data centre campus under a capital-efficient “powerbanking” model, in which Keppel pays an access fee for early development rights before its private funds assume long-term leases. Located within the proposed Gippsland Renewable Energy Zone at one of Victoria’s largest electricity nodes, the site can tap dedicated transmission connections that may reduce power costs, access existing water infrastructure and non-potable cooling water, and link to intercity dark fibre networks for low-latency connectivity to Melbourne, Sydney and Canberra. By securing strategic, scalable and potentially green power-backed sites ahead of demand, Keppel aims to shorten deployment timelines, appeal to hyperscalers and neoclouds that are showing strong interest in the Melbourne market, and deepen the development pipeline for its private data centre funds, reinforcing its positioning in next-generation AI data centre infrastructure.
The most recent analyst rating on (SG:BN4) stock is a Buy with a S$12.20 price target. To see the full list of analyst forecasts on Keppel Corporation Limited stock, see the SG:BN4 Stock Forecast page.
More about Keppel Corporation Limited
Keppel Ltd. is a global asset manager and operator with a growing focus on digital infrastructure, including data centres in the Asia-Pacific region. Through its Connectivity Division and private data centre funds, the company develops and operates large-scale, power-intensive facilities tailored to hyperscalers and cloud providers, leveraging access to power, water and fibre connectivity in key regional data hubs.
Average Trading Volume: 3,588,995
Technical Sentiment Signal: Buy
Current Market Cap: S$18.69B
For an in-depth examination of BN4 stock, go to TipRanks’ Overview page.