Iberdrola, Echelon Form JV to Develop Data Centers in Spain

Iberdrola, a Spanish power company, has formed a joint venture with Echelon Data Centres to develop data centers in Spain. The partnership aims to capitalize on the growing demand for data center services in the country. Iberdrola, a major player in the Spanish energy market, will leverage its expertise in power generation and distribution to support the data center operations. Echelon, a data center developer, will contribute its technical know-how and experience in the sector. The joint venture is expected to build and operate multiple data centers in Spain, addressing the increasing need for data storage and processing infrastructure. This move aligns with Iberdrola's strategy to diversify its business and capitalize on emerging opportunities in the technology and digital sectors. The partnership reflects the growing importance of data centers in the global economy and the strategic importance of Spain as a hub for data infrastructure. The joint venture will contribute to the country's digital transformation and position Iberdrola as a key player in the data center industry.