Summary:
- AtlasEdge, a UK-based data center company, is using $292 million in sustainability-linked funding to develop two data centers at its new campus in Lisbon, Portugal.
- The funding, backed by Banco Santander and ING, requires energy efficiency and 100% renewable energy usage. The company also acquired land for a third data center, LIS003.
- The Portuguese Data Center market is growing rapidly, with projections to reach $3 billion by 2030. AtlasEdge plans to invest over $578 million in Portugal in the coming years.
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AtlasEdge, a leading UK-based data center company, is embarking on an exciting venture in Lisbon, Portugal, with the utilization of $292 million in sustainability-linked funding. This investment, supported by Banco Santander and ING, will facilitate the development of two state-of-the-art data centers, LIS001 and LIS002, at their new campus. These data centers are part of a larger three-phase plan that aims to provide 30 MW of capacity, showcasing AtlasEdge’s commitment to sustainable practices and energy efficiency.
Moreover, the company has recently acquired land for a third data center, LIS003, further solidifying their presence in the burgeoning Portuguese Data Center market. With the industry valued at $947 billion and expected to grow exponentially to $3 billion by 2030, AtlasEdge’s strategic expansion plans align perfectly with the market’s trajectory. The country currently boasts 12 data center facilities contributing 52 MW of capacity, with projections indicating an addition of over 385 MW by 2029.
Lisbon’s strategic location near the Carcavelos submarine cable landing station will enable AtlasEdge to offer low-latency connectivity to Europe, Africa, the Middle East, and the Americas, positioning them as a key player in the region. The company’s commitment to investing over $578 million in Portugal underscores their long-term vision and dedication to providing cutting-edge solutions to their customers. As LIS001 launches this week and LIS002 is slated to come online in 2028, AtlasEdge’s momentum in the Iberian Peninsula is undeniable, setting the stage for a sustainable and innovative future in the data center industry.
