Mercury buys 12.7% stake in Datagrid NZ for NZD 53 million as 360MW Southland AI data centre moves toward decision
AI Market Summary
Mercury's NZD 53m minority stake in Datagrid NZ and a 15-year 140MW renewable power option tightens the link between new generation capacity and hyperscale AI data-centre demand in New Zealand. The Southland campus (360MW, consented) could underpin long-duration offtake, improving revenue visibility for Mercury's renewables pipeline. Near-term market impact is limited given minority ownership and pending final investment decision later this year.
Impact level
● Low
Affected assets
NCFXNZD2USD/USDT-0.21%
AI Insight · NCFXNZD2USD/USDTAI Insight
● Neutral
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New Zealand renewable generator Mercury has acquired a 12.7% stake in Datagrid NZ for NZD 53 million and signed a 15-year, 140MW green power purchase option agreement. The planned 360MW AI data centre campus at North Makarewa in Southland has secured resource consent, with a final investment decision expected later this year. The project is positioned as New Zealand’s first “AI factory” focused on AI and sovereign cloud.
