By 2030, the power needs of AI global data centers will match the current total consumption of Portugal, Greece, and the Netherlands combined. 1
Markets in southern, central and south-eastern Europe are undergoing a new wave of investment in data centres accompanied by the sustained expansion of subsea cables, local economies and the early availability of renewable energy.
With more than 160 data centres across 8 cities in the CEE/Southern Central Europe region, approaching 450MW, the frontier markets are emerging as the next big opportunity for development after secondary markets. The number of facilities could easily double over the next five years.
Incentive schemes by governments to support new economic zones, further cable connectivity in the Mediterranean of strategic importance, development of renewable energy – Greece aims to increase electricity from renewable sources by 80% by 2030 – and investment by KSA and UAE offer additional compelling International drivers for sustained growth.
Athens, Bucharest, Sofia and Istanbul are among the leading cities in these markets developing data centres. Investment by hyperscales is creating major hubs for south-eastern Europe with Greece emerging as an AI development hub for the region.
In this timely event, we bring together investor, operator and energy supplier leadership for the markets in south – central Europe to discuss the opportunities and challenges ahead in these rapidly emerging markets.
