The Independent Power Transmission Operator (IPTO) of Greece and Serverfarm have signed a Heads of Term agreement to form a joint venture. The joint venture, Gemini, aims to construct and operate hyperscale-ready data center facilities on IPTO-owned sites in Athens and elsewhere in Greece.
Gemini plans to construct a 130MW hyperscale data center in Athens with IPTO providing a power supply for the data center and select IPTO-owned sites with access to power and optical fiber networks to construct the facilities. Serverfarm will design and operate the data centers.
“Our strategic partnership with IPTO, underscores our mission to invest in transformative projects that create long-term value. The Greek data center market is still one of the most under-served in Europe, but at the same time, its geographical location makes it ideal to serve as a data gateway between continents,” said Avner Papouchado, founder and CEO of Severfarm.
“We fully exploit synergies and create win-win business opportunities, transforming Greece into a critical energy and data hub of high geopolitical value at the crossroads of Europe, Africa, and Asia,” Manos Manousakis, chairman and CEO of IPTO, said.
