Greenfield And Finsbury Infrastructure To Invest €360M In Milan Data Center

UK infrastructure developer Greenfield and Finsbury Infrastructure plan to invest up to €360 million ($418m) to develop a 36MW data center east of Milan, Italy. Greenfield has already secured 80MW of power capacity for the site, which will support AI, cloud, and enterprise workloads while boosting regional investment and employment. The company currently has nine data center projects across Switzerland and Italy.

Peter Connolly, finance director at Finsbury Infrastructure, said: “We are delighted to invest in our first project in Milan with Greenfield, who have huge experience developing power infrastructure in Italy and across Europe. “We look forward to developing the project with Greenfield and investing in further projects in Italy as it grows as a center for the European digital economy.”

“Our partnership with Finsbury represents an important milestone for Greenfield as we continue to expand our digital infrastructure activities across Europe. By bringing together land, power, planning, and connectivity, we are creating a flagship development capable of supporting the next generation of digital services.”

Lombardy, especially the Milan metropolitan area, has become a major data center hub in Italy due to strong connectivity, lower costs than established markets, and access to renewable energy. Hyperscalers such as Google, Microsoft, and AWS already operate cloud regions in the area. However, rapid data center growth has faced opposition from residents and local politicians concerned about the environmental impact and high energy consumption of these facilities.