CDC Signs 555MW Data Centre Contract With US Customer

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.

Infratil CEO Jason Boyes said this marks another step change in the scale of Australasian data centre demand and an important milestone in CDC’s evolution.

“Today’s announcement underscores Australasia’s opportunity to attract global computing capacity, supported by regional stability, competitive build costs and access to renewable energy.

“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” he said.[1]

CDC Founder and CEO Greg Boorer said the announcement highlights Australasia’s position as a preferred secure destination for large-scale intelligence generation.

“This is another massive tick of approval for Australia as a global hub for intelligence generation. We have been working hard for nearly twenty years preparing for this moment, and this is only the beginning of an era of prosperity and growth for Australia in this space.

“Today’s new contracts represent our largest ever contracting announcement, and the largest ever for Australia so far.[1]

“The size and term of this agreement reflect the strongest vote of confidence in this region and in CDC’s differentiated offering, trusted customer relationships and large-scale development capability.”

With today’s announcement, CDC’s total contracted capacity exceeds 1GW and EBITDAF[2] 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 shareholders contributed A$500 million in equity in February to support the acceleration of CDC’s construction programme. The new contract is within CDC’s current growth plan and doesn’t require further shareholder equity.

CDC will fund its development programme utilising existing cash on hand and committed debt facilities, along with further debt and hybrid funding. CDC is supported by the strong Baa2 (Stable) credit rating assigned to CDC’s Australian business by Moody’s Ratings on 21 April. The public rating provides access to deep and liquid global debt and hybrid markets, alongside the funding markets CDC has accessed previously.

Notes:

1] Based on CDC’s assessment and from publicly available information as at March 2026.
[2] EBITDAF includes the straight-lining of lease revenue for contracts with fixed indexation over the term of the arrangement.

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