News Alert: Development of data centres in Qingyang, Gansu in the next 3-5 years
- Local news reported on 22 Feb 2022 that Chindata will develop data centres with 150MW IT capacity in Qingyang, Gansu in the next 3-5 years
- Qingyang, Gansu is identified as one of the locations to build national IDC clusters under the “East Data Computing in West” plan
- 150MW IT capacity represents c.20% addition to the current total planned IT capacity of 700MW by 2023
- The news is +ve for Chindata’s long term development
What’s New
– Local news reported on 22 Feb 2022 that Chindata will develop data centres with 150MW IT capacity in Qingyang, Gansu in the next 3-5 years.
– Chinese government recently approved to build 8 national computing hubs with 10 national IDC clusters under the “East Data Computing in West” plan and Qingyang, Gansu is identified as one of the IDC cluster locations.
– News links: https://www.sohu.com/a/524557909_120684009
Our View:
– The development of additional data centres in Qingyang, Gansu is positive for Chindata in the long-term.
– 150MW IT capacity represents c.20% addition to Chindata’s current total planned IT capacity of 700MW by 2023.
– We currently rate BUY on the counter; TP of US$10.2.