EconomyNextDC shares dive as Melbourne data centre expansion is delayed

NextDC said community objections to new 22-metre power poles have stalled Jemena’s electricity upgrade, pushing its West Footscray data centre expansion to the 2027/2028 financial year. Its shares fell, and the company cut net revenue guidance to A$475m–A$500m from A$615m–A$640m.

NextDCdata centresMelbournecommunity opposition

TThe Guardian★★☆☆☆2026-10-21 04:58Original