The project is expected to create up to 1 200 highly-qualified jobs.
A British-US company announced Friday that it would invest up to €3.5 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.
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.
Davidson Kempner, Pioneer Point to invest $4.2 bln in data centre in Portugal Reuters 1 hr ago
LISBON, April 23 (Reuters) - U.S. investment fund Davidson Kempner and British investment firm Pioneer Point Partners announced on Friday they will invest together up to 3.5 billion euros ($4.21 billion) by 2025 in a large-scale data centre in Portugal.
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The campus in the city of Sines, 150 kilometres south of the capital Lisbon, will include five buildings with a useful capacity to supply up to 450 MW of cheap energy from renewable sources to the servers, the two companies said in a joint statement. Sines 4.0 will be one of the largest data centre campus projects in Europe and will address the exploding demand of large international technology companies, the funds said.
TechnologyDavidson Kempner, Pioneer Point to invest $4.2 bln in Portugal data centre
ReutersSergio Goncalves
2 minutes read
U.S. investment fund Davidson Kempner and British investment firm Pioneer Point Partners will jointly invest up to 3.5 billion euros ($4.2 billion) by 2025 in a large-scale data centre in Portugal to tap demand from global tech firms.
The two companies said in a joint statement on Friday the campus in the city of Sines, 150 km (93 miles) south of the capital Lisbon, will include five buildings with a useful capacity to supply up to 450 megawatts of cheap energy from renewable sources to the servers.
Prime Minister Antonio Costa later hailed the project as the largest foreign direct investment in Portugal in recent decades , expecting Sines to attract further foreign investment with a government plan to install a green hydrogen production hub there.
UPDATE 1-Davidson Kempner, Pioneer Point to invest $4.2 bln in Portugal data centre Reuters 2 hrs ago
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By Sergio Goncalves
LISBON, April 23 (Reuters) - U.S. investment fund Davidson Kempner and British investment firm Pioneer Point Partners will jointly invest up to 3.5 billion euros ($4.2 billion) by 2025 in a large-scale data centre in Portugal to tap demand from global tech firms.
The two companies said in a joint statement on Friday the campus in the city of Sines, 150 km (93 miles) south of the capital Lisbon, will include five buildings with a useful capacity to supply up to 450 megawatts of cheap energy from renewable sources to the servers.