Data Centre – Call for Application (DC-CFA) is a Singapore government initiative (led by EDB and IMDA) to facilitate new, sustainable data centre capacity. DC-CFA2 (announced Dec 2025, closing March 31), requires a data centre to have 50% green energy and "best-in-class" energy efficiency with a PUE of at least 1.3.
During Keppel DC REIT’s 1QFY2026 results announcement, the manager articulated that it is considering a "transformational" AEI for KDC SPG 1, a data centre with just 53% occupancy by net lettable area (NLA). In a report dated May 11, JP Morgan says that KDC SGP 1 is the only asset owned by Keppel DC REIT in Singapore that is without a full Green Mark certification suggesting that its PUE of 1.25 or power usage effectiveness has failed to meet the minimum standard for certification.
“The potential transformational AEI at SGP 1 would be best realised through redevelopment into a new data centre. Redevelopment targeting a PUE of 1.25, in line with DC-CFA2 requirements, would yield efficiency gains of 36-52%, assuming an existing PUE of 1.7-1.9,” JP Morgan says in its report.
