Echelon Iberdrola Digital Infra to Invest $2.3B in Data Centers in Spain

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Iberdrola and Echelon Data Centres have allied to develop and operate large-scale data centres across Spain.

The duo has created a new joint venture called Echelon Iberdrola Digital Infra. With investments exceeding €2 billion ($2.3 billion), it becomes the largest European joint venture to date between an energy utility and a data-centre developer.

The move signals Spain’s ambitions to be a central hub for Europe’s digital infrastructure and highlights the accelerating demand for energy-intensive artificial intelligence services.

A milestone for Europe’s digital and energy sectors

The transaction marks a significant convergence between clean energy production and hyperscale computing capacity. Both sectors are expanding rapidly, driven by the surging adoption of AI, cloud ...