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Home/Deal Room/CyrusOne and KEPCO form a $7B Japan hyperscale data-center joint venture

Financing · Evidence brief

CyrusOne and KEPCO form a $7B Japan hyperscale data-center joint venture

CyrusOne + Kansai Electric Power Company (KEPCO)

Primary sourcePress release only2023-05-22
Deal structure50/50 data-center development joint venture
GeographyJapan, beginning in the Kansai region
Infrastructure layersFinancing + data centers + power infrastructure
Disclosed scaleAt least ¥1T (more than $7B) over a decade, targeting 900 MW of hyperscale data-center capacity

Why it matters

The strategic read

The venture pairs a hyperscale operator with a major electric utility, aligning site development and grid expertise for a 900 MW Japanese expansion plan.

Source-supported terms

What was disclosed

  1. 01

    CyrusOne and Kansai Electric Power Company formed a joint venture called CyrusOne KEP.

  2. 02

    The parties described equal investments in the venture.

  3. 03

    CyrusOne KEP planned at least ¥1T of investment over ten years and a 900 MW business scale.

  4. 04

    The first projects were planned for the Kansai area and other major Japanese markets.

Disclosure boundary

What is known—and what is not

Primary joint-venture announcement; shareholder documents, project-by-project financing and customer leases are not public.