Iberdrola Invests $2B in Spanish AI Data Centers A big step towards powering AI with clean energy. ▶ Iberdrola plans to acquire a 20% stake in a $2B Spanish data center project. ▶ No direct cash investment—renewable power and grid connection are Iberdrola’s equity play. ▶ Spain was chosen for its 22 GW renewable energy capacity, with a 200 MW grid connection already planned. AI is creating huge power demands, with a ChatGPT query using 10x more energy than a Google search. Iberdrola’s new unit, CPD4Green, will lead the project, using pumped storage hydropower and potentially solar to ensure steady renewable energy. #datacenters #AI #EMEA #sustainability | Impero
Luke Bostock how’s your Spanish? 😁
Dataceners keep moving South
𝐆𝐥𝐨𝐛𝐚𝐥 𝐑𝐞𝐜𝐫𝐮𝐢𝐭𝐦𝐞𝐧𝐭 | 𝐃𝐚𝐭𝐚 𝐂𝐞𝐧𝐭𝐞𝐫𝐬
3moIberdrola’s focus on renewable energy is a smart move. By 2030, Data Centers could consume up to 4% of global electricity, making clean energy partnerships more critical than ever.