Spanish renewable developer Solaria Energía has reportedly tapped global investment bank Goldman Sachs to find a financial partner for its newly formed European data center platform.
According to Bloomberg, the platform is expected to include around 3.4GW of secured grid power across 400 hectares (990 acres) spanning Spain, Italy, Germany, and the UK. In addition, the company has reportedly requested access to an additional 5GW of power and aims to find a financial partner for the project before summer next year.
Spokespeople for Solaria and Goldman Sachs declined to comment on the matter.
Solaria was founded in 2002 and operates dozens of solar installations across Spain, Portugal, Italy, Greece, and Uruguay. In total, the company has around 1.6GW of installed solar capacity and more than 1.4GW under construction. It is also developing wind and battery energy storage projects, with a goal of reaching 14GW by 2028 and 18GW by 2030.
The company first entered the data center market last year with the formation of Solaria Data Center. According to reports at the time, the company had been granted connection requests for more than 150MW of capacity from the Spanish grid operator Red Eléctrica.
Following this, in March of this year, the company received the green light from Red Eléctrica to connect 225MW for a planned data center in the Basque Country. In the same week, Solaria announced that it had gained approval for the connection of two more data centers totaling 130MW in Madrid.
In September, the firm announced that it was building a 200MW artificial intelligence data center with Japanese technology company Datasection. This will see Solaria’s industrial facilities in Puertollano converted for data center use.
Later in the year, Solaria said it was in negotiations with several American and European players to create joint ventures to develop cloud and artificial intelligence data centers.
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