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Ferrovial starts search for partner for its €1 billion data center campus

TechnologyInternationalEl Confidencial40 s readAI summary
Image: El Confidencial

Ferrovial has hired Bank of America to find a partner to create a joint venture that would finance its data center campus in Alcobendas (Madrid), an investment of about €1 billion, according to El Confidencial. The company would cede a majority stake and the process is at an early stage. The project, of more than 100 MW once completed, comes as the government finalizes a decree that lowers the hourly renewable requirement to 60%.

In 40 seconds

  • Ferrovial has tasked Bank of America with finding a financial partner or operator for a joint venture in Alcobendas.
  • The estimated investment is around €1 billion and Ferrovial would cede a majority stake.
  • The Valdelacasa campus will exceed 100 MW; the first phase, MAD01, will have 60 MW and is due to come online in 2028.
Read the full story at El Confidencial

IASummary generated by artificial intelligence from a story by El Confidencial. It may contain errors: the original source prevails.

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