Jul 30, 2025 | Posted by Abdul-Rahman Oladimeji
Echelon Data Centres this week announced the signing of a joint venture (JV) agreement with Iberdrola to build and operate data centers in Spain. Echelon will own 80 percent of the JV, with Iberdrola owning the remaining 20 percent through its dedicated digital infrastructure subsidiary CPD4Green.
David Smith, chief investment officer at Echelon Data Centres, said: “Entering the Spanish data centre market has been a strategic goal for Echelon for several years. Spain has material benefits as a market for our customers; a supportive regulatory and policy environment, high-quality talent from both a construction and operational perspective, and access to some of Europe’s lowest price renewable energy [at] scale.
David Mesonero Molina, corporate development director at Iberdrola, added: "This agreement reinforces Iberdrola's strategy of facilitating the development of data centres, which have already become a key vector for the growth in electricity demand. The alliance signed with Echelon will allow us to value our portfolio of sites with access to electricity connection and our ability to offer these infrastructures safe, clean, and competitive energy 24 hours a day, 365 days a year.”
