MANILA, PHILIPPINES – SpaceDC, a Singapore-based data center operator, stated on Thursday, February 3, that it will build the Philippines’ largest data center facility in Cainta, Rizal province, investing more than $700 million into this facility.
The green data center, which will be powered entirely by renewable energy sources such as wind and geothermal, is set to open in 2022. The facility will be known as MNL1.
According to SpaceDC, MNL1 will be the largest hyperscale data center campus in the Philippines, measuring 43,000 square meters and delivering 72MW of essential power. It will also have 12 four-story data hall buildings, which will feature “eight layers of advanced physical security, including remote monitoring.”
MNL1 will also lead in terms of energy efficiency and design, with a PUE of 1.3, to minimize carbon footprint, it claimed.
Data centers, power-intensive facilities that operate nonstop, provide crucial data storage and IT services to businesses.
“The Philippines ranks second in terms of data center growth in Southeast Asia. With only 47MW of available capacity in the country it is a dramatically underserved market. We are excited to be a first mover in a new market where we see our customers are investing heavily in,” said SpaceDC CEO Darren Hawkins.
“We are excited to be a first mover in a new market where we see our customers are investing heavily in,” he added.
According to Ralph Davidson, executive director for data center services at JLL, the project’s designated construction manager, SpaceDC is in the right position at the right time to capitalize on strong customer demand in the Philippines.
“MNL1’s design is setting new standards in terms of technology, quality and operational excellence in the Philippines,” he said.
Furthermore, the Philippines is set to become the “fastest-growing” cloud market in the region to reach a size of $1.3 billion by 2024, according to Fitch Solutions Country Risk & Industry Research. PLDT, Globe Telecom, DITO Telecommunity, and Converge ICT Solutions have all made data center investments in recent years.
“Liberalizing the market should see an influx of international tech-players looking to monetize the Philippines’ long-term growth opportunity and we could see the country’s cloud computing market forecasts revised upwards,” Fitch Solutions said.
Meanwhile, the Congress last Wednesday, ratified amendments to the Public Service Act that reclassified entities such as telecommunications and transport firms to allow full foreign ownership
Previously, these companies were capped by the 40-percent foreign ownership limit under the 1987 Constitution.