Jul 2, 2026 – 6.07pmUS funds giant PGIM Real Estate has earmarked a portion of the $12 billion global data centres fund it is building out in Australia and other world markets for investment into the renewable energy projects that will be needed to power the artificial intelligence and cloud computing boom.Its ambitious roll-out – PGIM has a data centre in Sydney and a growing pipeline in Melbourne – gives the global asset manager, along with other major data centres operators and developers including AirTrunk, NextDC and Goodman, a significant interest in Australia’s build-out of renewable energy amid warnings the national grid will need bolstering to accommodate the surge in demand. Subscribe to gift this articleGift 5 articles to anyone you choose each month when you subscribe.Subscribe nowAlready a subscriber? Fetching latest articles