Azora and Core Capital Launch Edge Data Center Company Focused on Spain and Portugal

Azora and Core Capital Launch Edge Data Center Company Focused on Spain and Portugal
Investment manager Azora, in collaboration with Core Capital, has announced the launch of the Quetta Data Centers platform with a planned investment of over 500 million Euros. This collaboration aims to establish a network of six highly efficient “Edge” data centers in Spain and Portugal. Upon completion, these data centers will deliver a combined data capacity exceeding 60 MW, all powered by 100 percent renewable energy sources, Azora said.

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Sustainable Data Solutions

Notably, they are set to become Iberia’s first eco-efficient network of data centers, with a Power Usage Effectiveness (PUE) rating of less than 1.15. These Edge data centers represent a new category of data centers in the industry that are strategically located near urban centers, close to end consumers, to minimise data latency for end-users, Azora said. This strategic positioning aims to reduce data traffic with larger hyperscale data centers, which are typically situated farther away from urban areas.

Target Market

This investment with Quetta Data Centers marks Azora’s entry into Iberian data center market, driven by the anticipation of robust growth fueled by increasing demand and favourable market dynamics, said the company. The term “Iberia” is often used to collectively refer to Spain and Portugal, which share the peninsula.

The portfolio of data centers is located in key metropolitan areas including Madrid, Barcelona, and Lisbon, leveraging the region’s geographic advantages, renewable energy infrastructure, and proximity to crucial communication links such as intercontinental submarine cables.