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"FY17 is the biggest year in NextDC's history, with planned capital investments of more than AU$250 million. "We are developing three new world-class hyperscale datacentres to take advantage of the unprecedented demand for cloud and enterprise colocation." In September, NextDC raised AU$150 million for the construction of a new datacentre in New South Wales. At the time, the company said it had signed a new deal with an existing customer that required 1.5 megawatts (MW) of capacity, and with its existing Sydney facility (S1) sitting at 82 percent utilisation back in September, NextDC needed more space to cater for the customer's needs. The Sydney (S2) datacentre is expected to cost approximately AU$150 million, and an expected target of approximately 30MW capacity is slated to be ready by the first half of the 2018 financial year. On Friday, NextDC told shareholders that S1 was also undergoing an upgrade from 14MW to 15MW, with additional data hall space being fitted out at S1 and M1 (Melbourne) to support customer requirements. NextDC secured space in Queensland's Fortitude Valley in May to build its AU$75 million Brisbane 2 (B2) datacentre , scheduled for completion in late 2017. The AU$75 million includes the purchase of land, base building, and associated infrastructure to support an initial 1.5MW of IT load. At the time, NextDC said it has every intention for B2's total capacity to reach 6MW, building on a site close to a major electricity substation. A day later, NextDC confirmed Tullamarine as the location for its AU$85 million Melbourne 2 (M2) datacentre , after executing a contract to acquire the space near one of Australia's busiest airports. Similarly to B2, the AU$85 million investment includes the land, base building, and associated infrastructure to support the facility's initial 2MW of IT load, with the company expecting this to scale up to a target capacity of 25MW at full fit-out.