CDC signs 555MW data centre contract with US customer
| Stock | Infratil Ltd (IFT.ASX) |
|---|---|
| Release Time | 5 May 2026, 5:36 p.m. |
| Price Sensitive | Yes |
CDC signs 555MW data centre contract with US customer
- Largest data centre contract in Australia's history, totaling 555MW
- Contract with a US high-end investment grade customer, with renewal options up to 20 years
- Capacity to be delivered across CDC campuses over FY28 and FY29
CDC Data Centres (CDC) has secured the largest data centre contract in Australia's history, a 555 megawatts (MW) deal that takes its total contracted capacity to over one gigawatt. The 30-year contract is with a United States high-end investment grade customer, and is inclusive of renewal options of up to 20 years. The capacity will be delivered across CDC campuses that are already under development and will become operational over FY28 and FY29. The 555MW equates to about 40% of operating capacity across all Australian data centres in 2025. This contract reflects the strong global track record CDC has established in delivering large-scale, future-proofed and sustainable data centre campuses, and consolidates its position as the largest data centre provider across Australia and New Zealand. With today's announcement, CDC's total contracted capacity exceeds 1GW and EBITDAF is expected to exceed A$1 billion in FY28. When fully deployed, CDC's total contracted capacity would deliver annualised EBITDAF of approximately $2 billion. CDC's FY27 EBITDAF guidance of A$680 million to A$720 million remains unchanged as the newly contracted capacity will become operational over FY28 to FY29. CDC expects FY27 capital expenditure to be between A$3.8 billion and $4.2 billion, excluding land, as data centre construction lifts to meet market demand.
CDC's total contracted capacity exceeds 1GW and EBITDAF is expected to exceed A$1 billion in FY28. When fully deployed, CDC's total contracted capacity would deliver annualised contracted EBITDAF of approximately A$2 billion.
CDC continues to see attractive mid-teens plus equity returns from its data centre business. The new contract is within CDC's current growth plan and doesn't require further shareholder equity. Infratil has clear pathways to support further growth if required, including through its portfolio divestment programme and investment grade credit rating.