Blackstone, the leading global asset manager, is set to make a transformative investment of USD 8.2 billion to build data centers in Spain’s Aragon region. By choosing Zaragoza, the capital of Aragon, Blackstone joins tech giants like Microsoft and Amazon, who are already shaping the region into a key cloud computing hub in Europe.
The investment will focus on constructing state-of-the-art facilities, equipping them with the necessary infrastructure to host computer servers. The buildings will be leased to companies looking to expand their digital footprint. The move is expected to further cement Aragon’s reputation as a growing center for technology and innovation.
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Notably, this development aligns with the region’s push towards renewable energy. Amazon’s plans to power its centers with wind energy take advantage of Aragon’s significant renewable capacity, pointing to a sustainable future for tech infrastructure in the area.
Read More: Blackstone Plans to Fund USD 8.2 Billion in Data Centres in Northeastern Spain