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.
Record last checked against its sources on 22 October 2026.
Next gate to watch: Builder appointed.
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.
Singapore holds 39 active projects with 874 MW of planned IT load between them, and Keppel Floating Data Centre ranks 14th by planned capacity. Of those, 27 are operational, 3 are operational and expanding, 3 are under construction, 1 is past financial close and 5 are announced only. Published colocation vacancy in Singapore was 4.9% as of December 2025, on 1,043 MW of operational colocation capacity as counted by Cushman & Wakefield. Vacancy excludes hyperscaler self-build.
Keppel has 8 others in Singapore and 1 project elsewhere in the dataset tracked by ArusGrid, including Keppel DC SGP 11, Jurong Island (DC-CFA2), DC1 and Keppel DC Singapore 1. Named funding comes from Keppel Data Centre Fund II on the equity side. No tenant has been disclosed, which is normal for colocation and says nothing about occupancy.
The money on record is US$300m as of April 2026, an estimate.
Grid power for a large industrial user in Singapore costs about US$0.20 per kWh as of July 2026, the country figure ArusGrid applies where a site has no published rate. The US export control position for advanced AI chips in Singapore, as of 27 September 2026, is recorded as “No US destination-based licence requirement as enforced”. ArusGrid holds 5 public sources for this project, the latest dated 29 April 2026, and last checked the record on 22 October 2026.
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.
global hyperscaler fully committed
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 are published on the Methodology page.
No US destination-based licence requirement as enforced · No US destination-based licence requirement as enforced (2026-09-27) source
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)
This figure is an estimate. ArusGrid excludes it from totals.
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.
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