Solaria, Goldman Sachs seek European data center investor: Bloomberg

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By Conor McNevin
As w.media’s Europe and Americas correspondent, Conor covers the data center industry in the western hemisphere. Conor’s decade long experience spans digital infrastructure, software, cybersecurity, telecom, biotech, and construction.

Spanish renewable-energy developer Solaria Energia y Medio Ambiente SA has hired Goldman Sachs Group Inc. to secure a financial partner for a newly established European data center infrastructure platform, according to Bloomberg, quoting sources familiar with the matter. 

The platform consolidates 3.4 gigawatts(GW) in grid connection capacity and 400 hectares of land across Spain, Italy, Germany and the UK. With these resources, Solaria intends to supply the expanding power requirements from artificial-intelligence and cloud-computing facilities. Solaria has requested access to an additional 5 GW power capacity and aims to bring in a strategic investor by Q2 2026.

Spokespeople for Solaria and Goldman Sachs declined to comment. 

Analysts have projected that the AI-driven electricity acceleration will quadruple over the next decade due to higher global power consumption demands from AI training and services. Power generators such as Solaria are positioning themselves to supply long term clean power as large technology companies have set ambitious clean-energy goals for their facilities. 

In the European Union, future data center loads may require 35 GW of new solar capacity by 2030.  Spain continues to emerge as a prime location for energy-intensive computing due to its strong solar resources, available land and subsea cable connectivity. 

Solaria currently holds 1.2 GW which are dedicated to data center grid access in Spain and controls 3 GW in operating and clean energy assets through 1,000 kilometers of transmission networks.

Data centers are expected to account for 6 per cent of Spain’s total electricity demand by 2035, underscoring the strategic importance of Solaria’s new platform and its search for investment partners.

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