JOURNAL ARTICLE

Spain, Portugal Power Cost Edge Seen Fueling AI Data Center Boom.

  • Published In: Bloomberg.com, 2024. P. N.PAG 1 of 3

  • Database: Business Source Ultimate 2 of 3

  • Authored By: Gualtieri, Thomas 3 of 3

Abstract

Spain and Portugal's abundant low-cost renewable energy sources are driving investments in artificial intelligence infrastructure, leading to a predicted eightfold increase in data center power consumption over the next decade. The Iberian peninsula's reliable grids, extensive fiber connectivity, and low spot energy prices give it a competitive edge over countries like the UK and Germany for such investments. Companies in Spain and Portugal are already showing interest in data centers as a lucrative revenue source, with plans for joint ventures and expansions in the industry. Despite the potential for growth, challenges such as hot temperatures in certain regions could impact the industry's expansion. [Extracted from the article]

Additional Information

  • Source:Bloomberg.com. 2024/12, pN.PAG
  • Document Type:Article
  • Subject Area:Power and Energy
  • Publication Date:2024
  • Accession Number:181230728
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