Echelon announces €2bn for Spanish data centre construction
Echelon Data Centres has partnered with Iberdrola to invest €2 billion in constructing and operating data centres in Spain, backed by major shareholder Starwood Capital Group.
MAIN POINTS
- Echelon Data Centres is an Irish-owned developer and operator of large-scale data centre infrastructure.
- A joint venture agreement has been signed with Iberdrola, a global renewable power producer.
- The partnership aims to build and operate data centres in Spain.
- Starwood Capital Group, with $115 billion in assets, is Echelon's major shareholder.
TAKEAWAYS
- The joint venture marks a significant investment of €2 billion in Spanish data centre infrastructure.
- Collaboration with Iberdrola highlights a focus on renewable energy in data centre operations.
- Echelon's expansion into Spain is supported by substantial financial backing from Starwood Capital Group.
- This development aligns with global trends towards sustainable and large-scale data centre solutions.