Infratil's CDC investment surges by A$448 million

Infratil's investment in CDC Data Centres has increased by A$448 million since the last valuation in March 2023.

The investment is now valued at between A$3,641 million to A$4,186 million.

CDC is expected to see significant growth in demand for artificial intelligence services, leading to an acceleration of construction and expansion plans in various locations.

The valuation assumes existing operating facilities of 268MW, 265MW under construction, and 517MW classified as future builds.

The cost of equity used in the valuation has increased, reflecting increased risk and higher forecast debt levels.

CDC's full-year EBITDAF guidance for FY2024 remains unchanged at A$260 million to A$270 million.

Further information will be provided in Infratil's Interim Result release on 16 November 2023.