CPPIB, GIC, and Equinix Launch $15 Billion Data Center Joint Venture

The partnership aims to expand hyperscale data centers in the U.S., driven by increasing demand from tech giants.

Canada Pension Plan Investment Board (CPPIB), Singapore's GIC, and Equinix have formed a joint venture to raise $15 billion for data center development.
CPPIB and GIC will each hold a 37.5% stake in the venture, with Equinix owning the remaining 25%.
The funds will be used to purchase land and construct data centers with capacities exceeding 100 megawatts each.
The initiative targets the growing need for data centers fueled by advancements in artificial intelligence and cloud computing.
The joint venture will nearly triple Equinix's investment in its xScale data center portfolio, adding over 1.5 gigawatts of new capacity.