Yesterday, the inauguration of Data4's data center campus in Peania took place in the presence of Prime Minister Kyriakos Mitstotakis and the multinational's CEO, Olivier Micheli. This is an investment of €300 million and will reportedly begin operations at the Peania campus by the end of 2026, early 2027. This is because the French company, while having secured all kinds of permits, needs to proceed with demolition and construction work on the data centers. These are two data centers that will be powered by up to 90 MW of power.
DISCUSSIONS FOR NEW INVESTMENTS
According to reports, the French company is expected to invest another €200 million in data centres in the country in the long term. This is because it is taking a long-term position in the Greek market, which it singles out among other European markets. In this direction, the same information says that discussions are already underway to increase investments in Peania beyond €300 million.
THE EUROPEAN MARKET
The investment in our country is part of the company's €7 billion investment program in Europe up to 2030, with the aim of becoming a dominant player in the Old Continent. Data4 currently manages 35 data centres in:
- France
- Italy
- Spain
- Poland
- Luxembourg
- Germany
- Greece
In Europe as a whole, by the end of the decade, it is estimated that the number of data centres will increase up to 2.5 times, reaching 23 GW of installed capacity.
WHY GREECE
The company aims to strengthen its footprint in the Greek market for the following reasons:
- Geopolitically, our country is located at the crossroads of Europe, Africa and the Middle East
- The weather conditions favour the development of data centres
- The infrastructure in Attica and cheap energy are available to operate data centres
