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US-British firm to build €3.5 billion data centre in Portugal


The project is expected to create up to 1 200 highly-qualified jobs.
A British-US company announced Friday that it would invest up to €3.5 billion to build a massive data centre in Portugal by 2025 in response to demand for trans-Atlantic connections.
The company - start campus - has chosen a site in the port of Sines, southwestern Portugal, near a decommissioned coal power plant, and will have a net zero carbon footprint , a statement said.
Start campus is a joint venture of US investment firm Davidson Kempner Capital Management and Pioneer Point Partners of Britain.
Sines 4.0 , as the project has been dubbed, will be one of the largest data centre campus projects in Europe and will address the exploding demand of large international technology companies, the statement said. ....

United Kingdom , Sam Abboud , Davidson Kempner Capital Management , Pioneer Point Partners , Pioneer Point , ஒன்றுபட்டது கிஂக்டம் , டேவிட்சன் கெம்ப்ணேர் மூலதனம் மேலாண்மை , முன்னோடி பாயஂட் கூட்டாளர்கள் , முன்னோடி பாயஂட் ,

Davidson Kempner, Pioneer Point to invest $4.2 bln in Portugal data centre


TechnologyDavidson Kempner, Pioneer Point to invest $4.2 bln in Portugal data centre
ReutersSergio Goncalves
2 minutes read
U.S. investment fund Davidson Kempner and British investment firm Pioneer Point Partners will jointly invest up to 3.5 billion euros ($4.2 billion) by 2025 in a large-scale data centre in Portugal to tap demand from global tech firms.
The two companies said in a joint statement on Friday the campus in the city of Sines, 150 km (93 miles) south of the capital Lisbon, will include five buildings with a useful capacity to supply up to 450 megawatts of cheap energy from renewable sources to the servers.
Prime Minister Antonio Costa later hailed the project as the largest foreign direct investment in Portugal in recent decades , expecting Sines to attract further foreign investment with a government plan to install a green hydrogen production hub there. ....

United States , United Kingdom , Sam Abboud , Davidson Kempner , Thomson Reuters Trust Principles , Pioneer Point Partners , Minister Antonio Costa , Pioneer Point , Minister Pedro Siza Vieira , Thomson Reuters Trust , ஒன்றுபட்டது மாநிலங்களில் , ஒன்றுபட்டது கிஂக்டம் , டேவிட்சன் கெம்ப்ணேர் , தாம்சன் ராய்ட்டர்ஸ் நம்பிக்கை ப்ரிந்ஸிபல்ஸ் , முன்னோடி பாயஂட் கூட்டாளர்கள் , அமைச்சர் அன்டோனியோ கோஸ்டா , முன்னோடி பாயஂட் , தாம்சன் ராய்ட்டர்ஸ் நம்பிக்கை ,

UPDATE 1-Davidson Kempner, Pioneer Point to invest $4.2 bln in Portugal data centre


UPDATE 1-Davidson Kempner, Pioneer Point to invest $4.2 bln in Portugal data centre
Reuters
2 hrs ago
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By Sergio Goncalves
LISBON, April 23 (Reuters) - U.S. investment fund Davidson Kempner and British investment firm Pioneer Point Partners will jointly invest up to 3.5 billion euros ($4.2 billion) by 2025 in a large-scale data centre in Portugal to tap demand from global tech firms.
The two companies said in a joint statement on Friday the campus in the city of Sines, 150 km (93 miles) south of the capital Lisbon, will include five buildings with a useful capacity to supply up to 450 megawatts of cheap energy from renewable sources to the servers. ....

United States , United Kingdom , Sam Abboud , Sergio Goncalves , Kirsten Donovan , Davidson Kempner , Pioneer Point Partners , Minister Antonio Costa , Pioneer Point , Minister Pedro Siza Vieira , ஒன்றுபட்டது மாநிலங்களில் , ஒன்றுபட்டது கிஂக்டம் , செர்ஜியோ கொங்கல்வேஸ் , கர்ஸ்டந் டொநொவந் , டேவிட்சன் கெம்ப்ணேர் , முன்னோடி பாயஂட் கூட்டாளர்கள் , அமைச்சர் அன்டோனியோ கோஸ்டா , முன்னோடி பாயஂட் ,