Shape Awarded $800M Data Centre Contract
Key points
- Contract awarded by DigiCo Infrastructure REIT
- Expansion to increase SYD1 data centre capacity to 88 MW
- Expected to contribute significantly to FY27 and FY28 revenue
Full summary
Shape Australia Corporation Limited (ASX: SHA) has been awarded a contract valued at approximately $800 million by DigiCo Infrastructure REIT (ASX: DGT) for a 52 MW capacity expansion at their SYD1 data centre campus in Sydney, NSW. This expansion, combined with the site's existing 16 MW capacity and a 20 MW Stage 1 upgrade completed by Shape, will increase SYD1's total capacity to 88 MW. The contract, secured through an Early Contractor Involvement (ECI) process, marks a significant milestone in Shape's growth and diversification strategy, enhancing its market position in the data centre sector. The project is expected to materially contribute to revenue across FY27 and FY28.
Guidance
Expected to materially contribute to revenue across FY27 and FY28
Outlook
The contract is expected to strengthen Shape's capability and market position in the data centre sector, broadening its portfolio across sectors, clients, and project types.
Summary generated by a large language model. Please interpret with care.