The Canada Pension Plan Investment Board CPPIB has invested $350 million with an affiliate of the Keppel conglomerate to buy data centres across the Asia-Pacific region and Europe.
CPPIB, which invests the funds not needed by the Canada Pension Plan to pay current benefits, said in a statement on Friday that it has an option to invest another $150 million.
Data centres house computer systems and telecoms equipment. On a large scale, one facility can use as much electricity as a small town. Early investors have spotted a shortage across Asia at a time when demand is soaring due to cloud, mobile and video streaming....
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