Investment firm Azora intends to invest up to €2bn in a new Spanish data centre project, which is expected to reach a total value of €7bn with additional end-user investment.
Azora’s subsidiary Tillion Data Centres is developing the new data centre in Zaragoza, which will have an initial capacity of 150MW, expandable up to 300MW, with construction expected to begin in 2026.
Azora expects an additional €5bn investment from end users for computing equipment within the data centre.
Santiago Olivares, partner in charge of infrastructure investments at Azora, said: “The growing demand for data processing capacity, driven by the expansion of artificial intelligence and cloud computing, requires huge investment in the construction of data centres.
“This new data centre is located in the main corridor of large-scale data centres in Europe, and is validated by the presence of major players in the sector and backed by an energy and industrial network ideally suited to sustain market growth.
“With plans to develop more than 600MW in Spain we remain committed to expanding critical assets for the digital future.”
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