Magnora, a developer of data center, wind, solar, and battery projects, as well as a data center operator, has secured its second data center (DC) project in Italy, bringing Magnora’s DC project portfolio to gross 585 MW and net 460 MW. The project is wholly owned.
The project is strategically located in the Milan area, considered one of the core DC growth hubs in Europe. Milan offers a strong, international business and technology environment, and is centrally located in southern Europe, making it a natural data transit hub. It has further a strong fibre and connectivity infrastructure, enabling low-latency data exchange and redundancy.
Further, the project is located on industrial zoned land, applicable and well suited for data center development and construction. Land exclusivity agreement has been secured, and the local municipality is supportive of the project. The project benefits from a strong surrounding electrical infrastructure, and the grid application has been submitted.
"We have identified Italy as a highly interesting DC market" says Erik Sneve, CEO of Magnora. "With the current hubs of Europe (FLAP-D) facing significant power and regulatory constraints, Milan is considered one of the strongest candidates as an upcoming Tier-1 hub."
Source: Magnora
