How well evidenced is it
Construction or financing is evidenced, or several independent signals agree. The rules are fixed and published on the Methodology page.
Reaching this stage requires a dated construction source, which corroborates the project on its own.
Named funderYes
Disclosed client (confirmed)Yes
Committed or approved capitalNo
Dated, sized phaseYes
Three or more sourcesNo
Dated source in the last 24 monthsNo
AI workloads
StatusLikely
global hyperscaler fully committed
Phases
Waterborne module + shoreside · Under construction25 MW, target 2028
Who is behind it
OperatorKeppel Data Centres · Colocation
Funder, EquityKeppel Data Centre Fund II
Client, confirmedUndisclosed global hyperscaler
Money at this site
Estimate, 2026-04US$300m
This figure is an estimate. ArusGrid excludes it from totals.
Power supply
Exploring LNG, hydrogen and liquid hydrogen (MOU Kawasaki/Linde/MOL/Vopak 2023; HoA Woodside 2024) · Independent off-site power plant planned; Loyang Offshore Supply Base; seawater cooling
Water and cooling
WaterSeawater for cooling · Surrounding seawater (heat sink), Loyang Reported source ↗ seawater is used directly as heat sink, not desalinated
CoolingClosed-loop cooling Reported source ↗ Closed-loop seawater cooling with low-GWP refrigerants; avoids potable or industrial water (Keppel)