Renewable energy firm Ingenostrum will build a 300MW data center in Spain.

Dubbed Nostrum Evergreen, it will be situated near Badajoz, a city in southern Spain located in the autonomous community of Extremadura.

As reported by El Economista, the facility will be built in phases starting in 2026. The Spanish data center operator will invest €1.9bn ($2.2bn) for the project.

Ingenostrum has another facility – CC Green — planned in Extremadura, and this data center will offer 150MW of capacity.

CEO Gabriel Nebreda said that the company has a vision of exponential growth in digital computing worldwide, and that the future of data and energy depends on territories like Extremadura.

Nebreda previously told El Economista that they had more than 700MW of projects under development in Galicia, Madrid, and Castilla-La Mancha, and that they intended to raise €400m ($460m) in equity between late 2025 and 2028 for these developments. Banco Bilbao Vizcaya Argentaria. BBVA, a Spanish bank, was tapped to support Ingenostrum’s financing strategy.

In March 2023, Ingenostrum was selected by Impulsa Galicia, a public-private partnership from the Galician local government, to partner with it on a €400m ($424m) carbon-neutral data center project.

Ingenostrum, founded in 2009, initially specialized in renewable energy before adding colocation services to its portfolio. It does not currently operate a data center – Nebreda said that the company expects the first data centers to be operational in 2027.

Ingenostrum says it has 5GW of renewable energy in operation and another gigawatt in development. Andera Infra, the infrastructure investment arm of Andera Partners, took a minority stake in Ingenostrum in 2023.