ITC Properties, a real estate firm based in Hong Kong, has signed a memorandum of cooperation to build a 1GW data center at Yangkou Port, roughly 145km (91 miles) north of Shanghai.
The memorandum, signed with the Jiangsu Rudong Yangkou Port Economic Development Zone Management Committee, says that the data center would be developed in phases over five years, with the first phase offering 200MW of capacity.
– ITC Properties
It also says that the pair will study the feasibility of establishing renewable energy facilities to power the campus.
But the memorandum is not legally binding.
