April 25, 2021
LISBON (AFP) – A British-United States (US) company announced Friday that it would invest up to EUR3.5 billion to build a massive data centre in Portugal by 2025 in response to demand for trans-Atlantic connections.
The company – “start campus” – has chosen a site in the port of Sines, southwestern Portugal, near a decommissioned coal power plant, and will “have a net zero carbon footprint”, a statement said.
Start campus is a joint venture of US investment firm Davidson Kempner Capital Management and Pioneer Point Partners of Britain.
“Sines 4.0”, as the project has been dubbed, “will be one of the largest data centre campus projects in Europe and will address the exploding demand of large international technology companies,” the statement said.
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