Another Edgnex data center in Greece: Edgnex Data Centers, a joint venture (JV) between Damac and PPC Group, launched Data In Scale, a JV focusing on the development of a data center in Spata, Greece. The joint venture will see Damac holding a 55% stake and PPC Group owning 45%, according to a statement released last week.

(** Tap or click the headline above to read this story with all of the links to our background and outside sources.)

The details: The first phase of the project involves an investment of EUR 150 mn to establish 12.5 MW of capacity, with plans to expand to 25 MW in subsequent phases. Currently in the design and licensing stages, construction is set to commence in 1Q 2025, with the aim of completing the first phase within two years.

ICYMI: Damac Group plans to invest approximately USD 3 bn in establishing data centers across Southeast Asia through its subsidiary Edgnex, and between USD 5 and 7 bn to expand globally. The company is primarily targeting Malaysia, Indonesia, and Thailand in Southeast Asia.

Tags: