Spain: Azora to launch new European Edge data center platform

Feb 09, 2024 | Posted by Abdul-Rahman Oladimeji

Investment manager Azora in collaboration with Core Capital, this week launched a new European Edge data center platform called Quetta Data Centers. The investment firm plans to invest over €500 million in constructing six Edge data centers in Spain and Portugal totaling 60MW of capacity.

Santiago Olivares, partner in charge of energy, infrastructure, and sustainability investments at Azora, said: "The launch of Quetta is part of our strategy of investing in sustainable infrastructure. The digitalization of the economy offers very attractive investment opportunities in the data centers sector, especially those aimed at companies that offer streaming content, gaming, augmented reality, Internet of things, and other technologies such as artificial intelligence that will experience strong growth as the speed at which society and business consume data accelerates.”

Paco González, founding partner of Core Capital, has been appointed CEO of Quetta. He said: "Quetta Data Centers seamlessly complements the current offerings in the Data Center market, addressing the demand for proximity with interconnected geographical coverage, low latency, and 100 percent green solutions. This creates synergies with existing market operators, both retail and hyperscalers, leveraging the excellent conditions of the Iberian Peninsula.”