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POWER: Iberian Markets Attract Investments For Data Centres

POWER
PortugalCommoditiesCEEMEAEurozoneEnergy BulletsSpainBulletPower Bullets

Spain’s and Portugal’s abundance of renewable energy is fuelling investments in AI infrastructure that is expected to increase power demand from data centres significantly in the next years according to Aurora Energy Research, cited by Bloomberg.

  • Annual power demand from Iberian data centres is forecast to increase by 21TWh until 2035, from 2.8TWh currently.
  • The increase in power demand from data centres will absorb the oversupply from the region’s renewable generation.
  • The market is attractive to investors due to an abdundance of renewable energy, reliable grids, extensive fiver connectivity and a liquid PPA market, Aurora analyst Javier Pamos said. 
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Spain’s and Portugal’s abundance of renewable energy is fuelling investments in AI infrastructure that is expected to increase power demand from data centres significantly in the next years according to Aurora Energy Research, cited by Bloomberg.

  • Annual power demand from Iberian data centres is forecast to increase by 21TWh until 2035, from 2.8TWh currently.
  • The increase in power demand from data centres will absorb the oversupply from the region’s renewable generation.
  • The market is attractive to investors due to an abdundance of renewable energy, reliable grids, extensive fiver connectivity and a liquid PPA market, Aurora analyst Javier Pamos said.