Azora to invest €2 billion in Zaragoza data centre

AZORA TO INVEST €2 BILLION IN ZARAGOZA DATA CENTRE

• The project has secured a transmission grid connection of 150 MW, expandable up to
300 MW.
• The installation minimises water consumption and will be powered 100% by renewable
energy.
• The government of Aragon has granted a Declaration of General Interest (DIGA) for the
project, paving the way to start construction in 2026.
• This initiative marks another step in Azora’s data centre investment strategy, launched
in 2023 with the creation of Quetta Data Centres.

Zaragoza, 13 March 2025 – Azora, a leading international alternative investment management
platform, through its subsidiary platform, Tillion Data Centres, has announced the development of a
new Data Centre (DC) in Zaragoza, located in the region of Aragon, Spain. With an initial capacity of
150 MW, expandable up to 300 MW, Azora plans to invest up to €2 billion in the project.
An additional €5 billion of investment will be made by end users for computing equipment for the DC.
The facility is set to become a key driver in the region’s digital transformation.
Azora’s positioning of the DC in Zaragoza (Aragon), a leading data centre hub alongside FLAP-D markets
(Frankfurt, London, Amsterdam, Paris, and Dublin), represents the region’s growing prominence as a
key hub for digital infrastructure and data processing in Europe. With a powerful combination of
energy availability and connectivity, Aragon has attracted major industry players, further cementing
its role as a critical epicentre for large-scale data centre development.

Strategically located in the vicinity of Villamayor de Gállego, less than three kilometres from the
transmission substation, the close proximity of the DC minimises the environmental and logistical
impact by reducing energy losses and enhancing efficiency.
The project’s initial 150 MW concession was approved by Red Eléctrica in 2024 and has already
undergone technical validation by Azora. The project has also been approved by Government of
Aragon, granting the DC as a Declaration of General Interest (DIGA), with construction expected to
begin in 2026.

Reinforcing its commitment to sustainability, Azora’s DC has been designed to maximise energy
efficiency while significantly reducing water consumption. The facility will integrate advanced closedloop cooling technologies, limiting annual water usage to under 2,500 cubic metres, equivalent to the
consumption of just 25 homes. In addition, the DC will be powered entirely by 100% renewable energy,
sourced either through self-consumption or long-term Power Purchase Agreement (PPA) contracts
with renewable energy producers.

The first phase of 150 MW will see an investment of €1.1 billion, creating an average of over 1,000 new
jobs per year and contributing 5.5 billion euros to regional GDP. With the expansion to 300 MW,
Azora’s investment would reach €1.95 billion, creating an average of over 1,800 new jobs per year and
contributing over €9 billion to Aragon’s GDP, impacting the economy significantly.

This initiative underscores Azora's commitment to the development of digital infrastructure and builds
upon the launch of Quetta Data Centres in 2023, a platform designed to offer low latency solutions for
data processing and transmission, which has started the construction of two data centres in Madrid
and Barcelona, and aims to create a network of six ‘Edge’ data centres in Iberia.

Tillion Data Centres will focus on building large-scale facilities tailored for businesses requiring
maximum processing capacity in highly efficient and hyper-connected environments, supporting the
future of cloud computing and artificial intelligence.

According to Santiago Olivares, partner in charge of infrastructure investments at Azora: “The
growing demand for data processing capacity, driven by the expansion of artificial intelligence and
cloud computing, requires huge investment in the construction of data centres. This new data centre is
located in the main corridor of large-scale data centres in Europe, and is validated by the presence of
major players in the sector and backed by an energy and industrial network ideally suited to sustain
market growth. With plans to develop more than 600 MW in Spain we remain committed to expanding
critical assets for the digital future. Our extensive track record in the development of energy
infrastructure allows us to identify great opportunities like this one and guarantee their long-term
viability. With this new Data Centre, Azora reaffirms its commitment to innovation, sustainability and
economic development, consolidating its position as a key player in the evolution of digital
infrastructure in Europe.”