Apollo Global Management has announced its intention to serve as a strategic investment and financing partner to RHAELM Holdings on an artificial intelligence infrastructure project in Japan’s Chiba prefecture. The British developer is working on the initiative alongside JERA, Japan’s largest power generator, and Dell Technologies, according to a statement cited by The Japan Times.
The project is expected to mobilize more than $15 billion for land, energy infrastructure, construction, and computing capacity. This is a planned investment, not capital that has already been deployed. Operations are expected to begin around 2028, and the facilities could consume as much as 400 megawatts of electricity, supported by a nearby JERA thermal power plant.
The initiative aims to strengthen Japan’s domestic artificial intelligence capacity, according to its backers. JERA Global Chairman and Chief Executive Yukio Kani said Japan could become Asia’s leading source of data center demand outside China. He also estimated that electricity consumption associated with the growth of such facilities could reach 10 gigawatts, a corporate projection that would require large-scale investment.
Kani described the Apollo-backed Chiba project as the largest artificial intelligence data center currently proposed in Asia and said its capacity could be expanded to between three and four gigawatts. That potential expansion, valued by the executive at about $150 billion, is not part of a confirmed investment.
Apollo is already involved in financing artificial intelligence infrastructure linked to companies including Nvidia, Broadcom, and Anthropic, and is expanding its operations in Japan. Eiji Ueda, the firm’s head of Asia-Pacific, presented the agreement as part of Apollo’s commitment to digital infrastructure and its role as a long-term capital provider in the Japanese market.
