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What a Megawatt Data Center Means, Size, Cost per MW and Equipment
A data center's MW rating is almost always its critical IT load, the power that reaches servers, not what the utility meter sees. Cushman and Wakefield puts all in US and Canada construction at about $17.6 million per MW in 2026, so a 20 MW site is roughly a $350 million project before chips.
Critical IT MW against total facility MW
When an operator says a building is 20 MW, it usually means 20 MW of critical IT load, the power the servers, storage and network gear can draw. Cooling, power conversion losses and lighting come on top. Power usage effectiveness, PUE, is total facility power divided by IT power, so the utility has to deliver the IT load times PUE. Utilities size the interconnection on the total draw. The Uptime Institute survey put the global average PUE at 1.54 in 2025, and hyperscale operators report about 1.10 to 1.15. Always ask which number a headline MW figure is, because the gap is 10 to 80 percent.
| Critical IT load | Total draw at PUE 1.2 | Total draw at PUE 1.54 | Total draw at PUE 1.8 |
|---|---|---|---|
| 1 MW | 1.2 MW | 1.54 MW | 1.8 MW |
| 5 MW | 6 MW | 7.7 MW | 9 MW |
| 20 MW | 24 MW | 30.8 MW | 36 MW |
| 50 MW | 60 MW | 77 MW | 90 MW |
| 100 MW | 120 MW | 154 MW | 180 MW |
Computed as IT load times PUE. PUE 1.54 is the Uptime Institute 2025 global average as reported by mGrid. 1.2 and 1.8 are illustrative bounds for an efficient new build and an older site.
What a megawatt costs to build
Cushman and Wakefield's 2026 Data Center Development Cost Guide reports all in greenfield cost for the most modern US and Canada facilities at an average of $17.6 million per MW, excluding chips and GPUs, with a spread across markets from $8.9 million to $23.3 million. The firm says cost per MW is up 21 percent since its late 2024 edition, and that power infrastructure is the largest category at an average 21 percent of the total. JLL measures differently, shell and core only, and put the global average at $7.7 to $10.7 million per MW from 2020 to 2025, with $11.3 million forecast for 2026. The two series are not comparable, so compare like with like.
| Critical IT load | Low, $8.9M per MW | Average, $17.6M per MW | High, $23.3M per MW |
|---|---|---|---|
| 1 MW | $8.9 million | $17.6 million | $23.3 million |
| 5 MW | $44.5 million | $88.0 million | $116 million |
| 20 MW | $178 million | $352 million | $466 million |
| 50 MW | $445 million | $880 million | $1.17 billion |
| 100 MW | $890 million | $1.76 billion | $2.33 billion |
Per MW figures from the Cushman and Wakefield 2026 Data Center Development Cost Guide and press release, US and Canada, all in greenfield, excluding chips and GPUs. Totals computed by multiplying.
Racks per MW depends on density
Racks per megawatt is 1,000 kW divided by the kW each rack draws. A traditional enterprise rack at 10 kW gives 100 racks per MW. An AI rack changes it sharply, because NVIDIA rates a GB200 NVL72 rack at about 120 kW, which needs liquid cooling and leaves only 8 or 9 racks per MW. Floor area per MW follows the same logic, so we do not quote a single square feet per MW figure. The honest answer is that the same megawatt fills a large hall at 10 kW a rack and a small one at 120 kW.
| Critical IT load | Racks at 10 kW | Racks at 40 kW | Racks at 120 kW |
|---|---|---|---|
| 1 MW | 100 | 25 | 8 |
| 5 MW | 500 | 125 | 42 |
| 20 MW | 2,000 | 500 | 167 |
| 50 MW | 5,000 | 1,250 | 417 |
| 100 MW | 10,000 | 2,500 | 833 |
Computed as MW times 1,000 divided by kW per rack. The 120 kW rack is the NVIDIA GB200 NVL72 rating. 10 kW and 40 kW are illustrative densities.
Transformers and generators per MW
Every megawatt reaches the halls through transformers. The table sizes the plant for a site running at the 1.54 average PUE, a 0.95 power factor, unit substation transformers of 2,500 kVA and 2 MW generator sets, with no redundancy added. Real designs add spare capacity, so treat these as the minimum count and a starting point for a quote. A 2,500 kVA unit is a standard pad mounted size, see the 2500 kVA pad mounted transformer page. Above about 5 MVA the incoming feed is a substation transformer, and in 2026 Terrapin Construction Group listed substation transformers of 5 to 25 MVA at 65 to 95 weeks, so order them first.
| Critical IT load | Total draw | Facility MVA | 2,500 kVA transformers | 2 MW generators | 2.5 MW generators |
|---|---|---|---|---|---|
| 5 MW | 7.7 MW | 8.1 | 4 | 3 | 2 |
| 20 MW | 30.8 MW | 32.4 | 13 | 10 | 8 |
| 50 MW | 77.0 MW | 81.1 | 33 | 25 | 20 |
| 100 MW | 154.0 MW | 162.1 | 65 | 50 | 40 |
Computed. Total draw is IT load times 1.54. MVA is total draw divided by 0.95. Transformer count is MVA times 1,000 divided by 2,500, rounded up. Generator counts are IT load divided by set size, rounded up, no redundancy. Generator output assumes the sets carry IT load only.
Reading 5, 20 and 100 MW
A 5 MW site is an edge or small enterprise facility, one utility feed at distribution voltage and a handful of pad mounted transformers. A 20 MW site is a colocation building, about $350 million at the Cushman and Wakefield average, and at PUE 1.54 it draws about 31 MW, which usually means a dedicated utility substation. A 100 MW site is a hyperscale campus at roughly $1.76 billion, drawing about 154 MW at the average PUE, with its own transmission voltage substation. For power use over time and cost of electricity, see the data center power consumption guide.
Related pages
Common questions
What does MW mean for a data center
Megawatts of critical IT load, the power available to servers, storage and network equipment. Cooling and losses are extra, so the utility supply is the IT load times PUE.
How big is a 20 MW data center
At the 1.54 average PUE it draws about 31 MW from the utility. It holds about 2,000 racks at 10 kW or about 167 racks at 120 kW, and at the Cushman and Wakefield average costs roughly $350 million to build before chips.
What is the cost per MW to build a data center
Cushman and Wakefield reports an average of $17.6 million per MW all in for modern US and Canada facilities in 2026, with markets from $8.9 million to $23.3 million, excluding chips and GPUs. JLL's shell and core only figure is lower, $7.7 to $10.7 million globally from 2020 to 2025.
How many racks fit in one MW
1,000 kW divided by the rack power. That is 100 racks at 10 kW, 25 at 40 kW and about 8 at 120 kW.
How many transformers does a 20 MW data center need
At PUE 1.54 and 0.95 power factor the site is about 32.4 MVA, which is 13 transformers of 2,500 kVA before any spare capacity, plus the substation transformer for the utility feed.
How many generators does a 20 MW data center need
Ten 2 MW sets or eight 2.5 MW sets to carry the IT load with no redundancy. Designers normally add spare sets.
Sources
- Cushman and Wakefield, 2026 Data Center Development Cost Guide
- Cushman and Wakefield press release, 21 percent rise in per MW construction costs
- IREI, Data center construction costs rise 21 percent per MW
- JLL, 2026 Global Data Center Market Outlook
- mGrid, Global data center PUE stalls at 1.54
- NVIDIA Developer Blog, GB200 NVL72
- Terrapin Construction Group, Switchgear, transformer and generator lead times in 2026
Free to cite with a link to this page. Work out current at any rating with the kVA to amps calculator.