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Data Center News > Blog > Investments > Microsoft plans to invest $7.16 billion to build new data centers in Aragon, Spain
Investments

Microsoft plans to invest $7.16 billion to build new data centers in Aragon, Spain

Last updated: June 16, 2024 2:58 am
Published June 16, 2024
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Microsoft plans to invest $7.16 billion to build new data centers in Aragon, Spain
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Microsoft which not too long ago introduced the opening of the primary cloud areas of knowledge facilities in Spain is reportedly planning to speculate billions of {dollars} to construct new knowledge facilities in Aragon, Spain’s northeastern area.

The information comes through Reuters which first reported that Microsoft is planning to invest 6.69 billion euros ($7.16 billion). The information company quotes an area newspaper, El Heraldo, which reported that the tech big has already utilized for a development allow to construct the info middle with the approval of Aragon’s regional authorities.

The regional authorities has additional knowledgeable that Microsoft has promised to unfold out the funding over 10 years. As it’s possible you’ll know, Aragon has been a serious cloud computing hub inside Europe, and Microsoft needs to faucet that area to speed up the event of the AI financial system. 

Microsoft’s transfer to construct knowledge facilities in Aragon comes after Amazon’s current announcement

You is perhaps questioning why Microsoft is taking its curiosity in Aragon. To know this, let’s return a month. Microsoft’s greatest cloud computing competitor, Amazon Net Providers, has already introduced to speculate 15.7 billion euros over 10 years to construct a knowledge middle in Aragon, Spain. That’s the primary motive why Microsoft is planning to construct a knowledge middle in Aragon. 

Amazon additionally introduced that the info facilities within the Aragon area of Spain could be totally powered by renewable power. For the uninitiated, the Aragon area is widespread for its massive wind energy capability. And, Amazon needs to profit from it, so does Microsoft. 

See also  OneSkin Receives $20M Investment From Prelude Growth Partners

Microsoft has been investing in numerous areas to capitalize on the rising demand for cloud computing companies. The corporate not too long ago introduced a $1 billion funding to construct a knowledge middle in Thailand. Furthermore, the Redmond big introduced the Datacenter Group Pledge to make knowledge facilities extra sustainable earlier this month.


Rishaj UpadhyayRishaj Upadhyay

Rishaj Upadhyay
ShieldShield

Tech Journalist

Rishaj is a commerce graduate turned content material author who finds pleasure in writing in regards to the subsequent huge factor & all the pieces new within the tech world.


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TAGGED: Aragon, billion, Build, Centers, data, Invest, Microsoft, Plans, Spain
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