Ansan Global Meta: Keppel's $659M 60MW Shovel-Ready AI Hub
Status: Active / Land Secured & Shovel-Ready Civil Engineering Pipeline (Tracking June 2026) | Location: 726-4 Wonsi-dong, Danwon-gu, Ansan, Banwol National Industrial Complex, Gyeonggi Province, South Korea
Project Overview
The Ansan Global Meta Data Centre is a high-profile, shovel-ready 60 MW digital infrastructure development located at 726-4 Wonsi-dong inside the Banwol National Industrial Complex in Ansan, South Korea. Formally announced on June 9, 2026, the project marks global asset manager Keppel's strategic entry into South Korea's high-growth digital infrastructure ecosystem. The acquisition was executed through its private vehicle, Keppel Data Centre Fund III (KDCF III), which secured a commanding 73% effective stake in the land-owning special purpose vehicle. Advancing cleanly into early site mobilization and architectural foundation programming in mid-2026, the development bypasses severe market entry barriers. The Seoul Metropolitan Area currently faces an acute infrastructure deficit, with a historic vacancy rate of just 1.4% and an entire 2025–2027 development pipeline that is 100% pre-leased. By acquiring a site that already holds fully approved local construction permits and active power grid allocations, Keppel circumvents the localized 12-month utility backlogs. The facility is purpose-built to absorb burgeoning generative AI processing spikes, offering scalable hardware configurations roughly 40 kilometers southwest of central Seoul.
Quick Facts
| Field | Value |
|---|
| Project Name | Ansan Global Meta: Keppel's $659M 60MW Shovel-Ready AI Hub |
| Location | 726-4 Wonsi-dong, Danwon-gu, Ansan, Banwol National Industrial Complex, Gyeonggi Province, South Korea |
| Status | Active / Land Secured & Shovel-Ready Civil Engineering Pipeline (Tracking June 2026) |
| Commissioning | Core structural handover and critical technical facility go-live targeted for 2030 |
| Total IT Load | ~48.0 MW net critical operational compute capacity across initial deployments |
| Total Capacity | 60.0 Megawatts (60 MW) gross ultimate master-planned campus power footprint |
| Tier Level | Tier III Equivalent (Concurrently maintainable infrastructure design specifications) |
| Project Type | Greenfield High-Density AI-Ready Hyperscale & Sovereign Cloud Facility |
City Profile
| Header | Details |
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| City Name | Seoul |
| Population | ~9.4 million (Seoul city proper) |
| Urban Agglomeration | ~26 million (Seoul Capital Area metropolitan region) |
| City GDP | ~US$400 billion |
| Per Capita Income | ~US$42,000–45,000 |
| City Tier | Tier 1 / Alpha Global City |
| Key Strengths | Global financial center, technology and innovation hub, headquarters of major conglomerates (Samsung, LG, Hyundai), advanced infrastructure, world-class public transportation, strong education and research institutions, vibrant culture and tourism sector |
Companies Involved
| Header | Details |
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| Developer / Operator | Keppel Data Centres |
| Strategic Infrastructure Partner | Shinyoung Co. Ltd. (Local Asset & Joint Development Consortia) |
| Construction Contractor | Hyundai Engineering & Construction (Hyundai E&C) |
| MEP Engineering | Keppel Connectivity Division — Advanced Data Centre Technical Operations Group |
| Network Connectivity | Carrier-neutral deployment incorporating physically isolated, concrete-hardened subterranean network corridors linked directly to Gasan and Gangnam telecom backbones |
| Power Infrastructure | Korea Electric Power Corporation (KEPCO) Sub-Grid Grid Network (Fully secured, pre-approved dedicated high-voltage utility substation frameworks) |
Technical Specifications
| Header | Details |
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| Power Capacity | 60 MW gross ultimate utility power envelope engineered to support hyper-dense server layouts and intensive training racks |
| UPS Redundancy | $2N$ block-redundant static solid-state UPS topologies paired with quick-start industrial backup generator arrays with multi-day localized fuel storage |
| Cooling System | AI-ready technical cooling architecture pre-engineered to support direct-to-chip liquid cooling loops alongside optimized industrial air handlers |
| Connectivity | Minimum of 4 physically separate, subterranean dark fiber entries providing absolute route diversity and secure regional carrier loop transport |
| PUE Target | $\le 1.25$ design-optimized annualized operating profile utilizing high-efficiency mechanical plant systems |
| Energy Mix | Sustainability-focused layout incorporating smart energy management systems, fully aligned with Keppel’s net-zero carbon operations target by 2040 |
Milestones
| Header | Details |
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| Announcement | 2026 - Q2 |
| Construction Start | 2026 - Q3 |
| Phase 1 Go-Live | 2030 - Q1 |
| Full Buildout | 2031 - Q2 |
Investment Details
| Header | Details |
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| Total Investment | Tracked at approximately KRW 1 Trillion (~$659 Million USD) total projected project capitalization for multi-stage civil construction and technical fit-out |
| Funding | Funded through KDCF III institutional capital equity tranches (backed by its $2.1 Billion USD fund under management) alongside localized funding lines from NH Investment & Securities |