# Iberdrola Enters Data Centre Business with Launch of Subsidiary to Mobilise €10bn, Develop 5 GW and Become European Hub ## Iberdrola Expands its Renewable Energy Portfolio ### A Strategic Move to Capitalize on Growing Demand for Sustainable Data Centres Iberdrola, the Spanish multinational electric utility company, has announced the launch of a new subsidiary focused on the data centre business. The company plans to invest €10 billion in the development of 5 GW of data centre capacity, positioning itself as a leading player in the European data centre market. The new subsidiary, Iberdrola Data, will be responsible for developing and operating data centres in key locations across Europe. The company has identified a strong demand for sustainable data centres, driven by the increasing adoption of cloud computing, artificial intelligence, and other data-intensive technologies. ### Key Features of Iberdrola's Data Centre Business - Iberdrola Data will leverage the company's expertise in renewable energy and digital infrastructure to develop sustainable data centres. - The company plans to use 100% renewable energy to power its data centres and implement energy-efficient technologies to reduce their environmental impact. - Iberdrola Data will offer a range of data centre services, including colocation, managed services, and cloud connectivity, to meet the diverse needs of its customers. ### Iberdrola's Strategic Positioning in the European Data Centre Market - With its significant investment in data centre development, Iberdrola aims to become a major player in the European data centre market. - The company sees a strong opportunity to capitalise on the growing demand for sustainable data centre services and its commitment to innovation and sustainability. - Iberdrola Data's European footprint will enable the company to meet the needs of global customers seeking reliable and sustainable data centre solutions. ### Conclusion Iberdrola's entry into the data centre business is a strategic move that aligns with the company's long-term vision for growth and sustainability. By leveraging its expertise in renewable energy and digital infrastructure, Iberdrola is well-positioned to capture a significant share of the European data centre market, while advancing the development of more sustainable data centre technologies and practices.
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