(Bloomberg) — Equinix fashioned a three way partnership with Canada Pension Plan Funding Board and Singapore’s GIC to develop new knowledge facilities.

Redwood Metropolis, California-based Equinix intends to boost greater than $15 billion in capital with its companions, in keeping with a press release Tuesday (October 1).

The corporate mentioned it expects the three way partnership to buy land to construct new services which will ultimately add greater than 1.5 gigawatts of latest capability for hyperscale prospects.

Equinix is the most important actual property funding belief targeted on knowledge facilities, with a market capitalization of about $84 billion. The corporate has beforehand teamed up with giant buyers together with GIC and PGIM to develop or purchase knowledge facilities.

For the brand new partnership, CPP and GIC will every personal 37.5% of the three way partnership, and Equinix will personal the remaining 25%.

Demand for knowledge facilities has proliferated amid the increase in synthetic intelligence, with executives throughout the globe citing an elevated want for the services in addition to power to energy them.