Azora to Invest $2.17 Billion In Zarazoga data Centre in Spain

Azora, a leading international alternative investment management platform, through its subsidiary platform, Tillion Data Centres, on Thursday said that it will be investing up to $2.17 billion in a new Data Centre (DC) in Zaragoza, located in the region of Aragon, Spain.

With an initial capacity of 150 MW and expandable up to 300 MW, Azora said that an additional $5.43 billion of investment will be made by end users for computing equipment for the DC. The facility is set to become a key driver in the region’s digital transformation.

Azora’s positioning of the DC in Zaragoza (Aragon), a leading data centre hub alongside FLAP-D markets (Frankfurt, London, Amsterdam, Paris, and Dublin), represents the region’s growing prominence as a key hub for digital infrastructure and data processing in Europe.

With a powerful combination of energy availability and connectivity, Aragon has attracted major industry players, further cementing its role as a critical epicentre for large-scale data centre development.

Located in the vicinity of Villamayor de Gállego, less than 3 km from the transmission substation, the close proximity of the DC minimises the environmental and logistical impact by reducing energy losses and enhancing efficiency.

The project’s initial 150 MW concession was approved by Red Electrica in 2024 and has already undergone technical validation by Azora. The project has also been approved by Government of Aragon, granting the DC as a Declaration of General Interest (DIGA), with construction expected to begin in 2026.

Reinforcing its commitment to sustainability, Azora’s DC has been designed to maximise energy efficiency while significantly reducing water consumption. The facility will integrate advanced closed-loop cooling technologies, limiting annual water usage to under 2,500 cu. m., equivalent to the consumption of just 25 homes.

In addition, the DC will be powered entirely by 100% renewable energy, sourced either through self-consumption or long-term Power Purchase Agreement (PPA) contracts with renewable energy producers.

Phase I Investments

The first phase of 150 MW will see an investment of $1.19 billion, creating an average of over 1,000 new jobs per year and contributing $5.97 billion to regional GDP. With the expansion to 300 MW, Azora’s investment would reach $2.12 billion, creating an average of over 1,800 new jobs per year and contributing over $9.77 billion to Aragon’s GDP, impacting the economy significantly.

This initiative underscores Azora’s commitment to the development of digital infrastructure and builds upon the launch of Quetta Data Centres in 2023, a platform designed to offer low latency solutions for data processing and transmission, which has started the construction of two data centres in Madrid and Barcelona, and aims to create a network of six ‘Edge’ data centres in Iberia.

Tillion Data Centres will focus on building large-scale facilities tailored for businesses requiring maximum processing capacity in highly efficient and hyper-connected environments, supporting the future of cloud computing and artificial intelligence.

Santiago Olivares, Partner-in-charge of infrastructure investments at Azora said that the growing demand for data processing capacity, driven by the expansion of AI and cloud computing, requires huge investment in the construction of data centres.

This new data centre is located in the main corridor of large-scale data centres in Europe, and is validated by the presence of major players in the sector and backed by an energy and industrial network ideally suited to sustain market growth, Olivares said.

With plans to develop more than 600 MW in Spain, Azora remains committed to expanding critical assets for the digital future.

He added: “Our extensive track record in the development of energy infrastructure allows us to identify great opportunities like this one and guarantee their long-term viability. With this new Data Centre, Azora reaffirms its commitment to innovation, sustainability and economic development, consolidating its position as a key player in the evolution of digital infrastructure in Europe.”