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Keppel Floating Data Centre

Singapore, Singapore · Singapore market · location approximate to district level

Keppel Floating Data Centre is a data center project in Singapore, operated by Keppel Data Centres. It is under construction. It is planned for 25 MW of IT load.

Latest change on record: entered the record as under construction in 2026.

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Stage
Under construction
Planned IT load
25 MW
Running now
Not disclosed
Operator
Keppel Data Centres
Colocation
AI workloads
Likely
Evidence grade
Corroborated
Will it get built?Strong6 of 7 gates passed
✓ Land secured✓ Power arranged✓ Approvals granted✓ Money committed✓ Tenant or own use○ Builder appointed✓ Construction started

Next gate to watch: Builder appointed.

Your call. Will it be built?

Build odds is ArusGrid's reading of the public record, not a forecast, a rating or advice. It counts the gates this project has passed in public sources. Private progress does not show, a passed gate can be undone, and projects that pass every gate still stop. The method has not yet been tested against outcomes. How it works.

How Singapore approves, powers and taxes data centers is on Data center rules in Singapore.

How well evidenced is it

Construction or financing is evidenced, or several independent signals agree. On record: named funder, disclosed client (reported), dated, sized phase, three or more sources, dated source in the last 24 months. Criteria.

AI workloads

StatusLikely

global hyperscaler fully committed

Access to AI chips

GradeNo US licence required

This country carries no US destination-based licence requirement for advanced AI chips as the rules are enforced today. Access is a commercial matter between the project and its vendors. Criteria.

Phases

Waterborne module + shoreside · Under construction25 MW, target 2028

Stage history

2026Under construction · w.media

Who is behind it

OperatorKeppel Data Centres · Colocation
Funder, EquityKeppel Data Centre Fund II

Who uses the compute

Tenant · hyperscalerUndisclosed global hyperscaler · reported, unconfirmed

25 MW · Whole facility committed, 19.2MW waterborne module plus shoreside, operational 2028 · as of 2026-04-24

DCD reports construction start at 25 Loyang Crescent and says the ~25MW project is 'committed to a global hyperscaler', unnamed. Keppel's own 27 May 2025 investor day deck does not state a commitment, so ArusGrid's 'confirmed' rests on press; adding this source.

Source · Keppel starts work on floating data center in Singapore (DCD, 2026-04-24)

Money at this site

Estimate, 2026-04US$300m

This figure is an estimate. ArusGrid excludes it from totals.

Colocation price per kW of IT load per month

ArusGrid estimate, grade CUSD 261 to USD 373

ArusGrid estimate, grade C. Published band for this country. Priced on the hyperscale band, which already reflects anchor deals. No usable capex for this site. Electricity excluded in the band. An estimate, never a quote, computed by fixed rules published on the Colo prices page and never counted in any total.

market band, hyperscale (2024-12)USD 261 to USD 373 datacenterHawk for NTT DC REIT, 2025-07-07
Power supply
Own generation Confirmed source ↗
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)

Sources

  1. datacenterdynamics.com
  2. datacentermap.com
  3. Singapore's floating data center kicks off construction in Q1 2026; completion in 2028 (W.Media, 2026-04-29)
  4. Keppel gets regulatory approval for floating data center park in Singapore (DCD, 2023-04-17)
  5. Keppel building floating DC (PFI (Project Finance International))
  6. Keppel's business update for 1Q 2026 (Keppel Ltd, 2026-04-23)
  7. 3Q & 9M 2026 Business Update (Keppel Ltd., 2026-10-29)

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