Azora to Invest €2 Billion in Zaragoza Data Centre
Deal News | Mar 13, 2025 | Azora
Azora, an international investment management company, is planning to develop a new data center in Zaragoza, Spain, with an investment up to €2 billion. This development, conducted via its subsidiary Tillion Data Centres, includes an initial capacity of 150 MW, extensible to 300 MW, and aims to be powered entirely by renewable energy. The project has received governmental endorsement as a Declaration of General Interest and technical approvals, with construction set to commence in 2026. An additional €5 billion will be contributed by end users for computing equipment, positioning Zaragoza as a significant digital hub in Europe. With energy-efficient designs and sustainable practices, Azora anticipates creating substantial employment and contributing significantly to the regional economy.
Sectors
- Data Centers & Digital Infrastructure
- Renewable Energy
- Investment Management
Geography
- Spain – The data center development is located in Zaragoza, Aragon, Spain, making it a key focus area for investment and digital infrastructure development.
- Europe – The data center in Zaragoza is positioned alongside major European digital hubs, emphasizing its importance on a continental scale.
Industry
- Data Centers & Digital Infrastructure – The article primarily focuses on the development of a new data center by Azora, highlighting the infrastructure's role in digital transformation.
- Renewable Energy – The data center will be powered entirely by renewable energy, involving long-term PPAs and self-consumption strategies, emphasizing sustainability in infrastructure projects.
- Investment Management – Azora, the investment management firm, is deploying capital for the development of this data center, reflecting its investment strategy and commitment to digital infrastructure.
Financials
- €2 billion – Azora’s planned investment in the Zaragoza data center.
- €5 billion – Expected additional investment from end users for computing equipment.
- €1.1 billion – Investment for the first phase of 150 MW capacity.
- €1.95 billion – Investment upon the expansion to 300 MW capacity.
- 5.5 billion euros – Contribution to regional GDP from the first phase of development.
- 9 billion euros – Contribution to regional GDP from the extended development.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Azora | Investment Management Platform | Company | Azora is a leading international alternative investment management platform overseeing this project. |
| Tillion Data Centres | Subsidiary Platform | Company | Tillion Data Centres is the subsidiary of Azora responsible for the development of the data center. |
| Quetta Data Centres | Platform for Low Latency Solutions | Company | A venture by Azora aimed at providing low latency solutions across various locations in Spain. |
| Government of Aragon | Regulatory Approval | Government | The government has backed the project with a Declaration of General Interest, facilitating its commencement. |
| Red Eléctrica | Electric Power Transmission Approver | Company | Approved the initial 150 MW concession for the data center in 2024. |
| Santiago Olivares | Partner in Charge of Infrastructure Investments at Azora | Person | Leader driving the investment strategy for infrastructure at Azora. |