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Amazon to Invest $17 Billion in New Data Centers in Spain

Alex Vellor
06:32am, Wednesday, May 22, 2024
Photo by Piotr Cichosz on Unsplash

Amazon's (NASDAQ: AMZN) cloud computing arm, AWS, plans to invest €15.7 billion ($17.02 billion) in new data centers in Spain's northeastern Aragon region. This major expansion, set over ten years, will make it the largest tech investment in Spain and southern Europe.

The Aragon government highlighted this as a significant boost for the region, already a key hub for Amazon in Spain.

This new plan replaces a previous investment announcement from 2021, which allocated €2.5 billion for Spain. AWS's investment is expected to create an average of 17,500 local jobs annually through 2033. Digital Transformation Minister Jose Luis Escriva praised AWS’s decision, saying it places Spain at the forefront of technological innovation and artificial intelligence in Europe.

Amazon has committed to powering its Spanish data centers entirely with renewable energy. The move comes as major cloud providers, including AWS and Microsoft’s Azure, continue to heavily invest in European data centers, often clustering in similar regions.

This substantial investment underscores Amazon's commitment to expanding its infrastructure and supporting technological growth in Europe.

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Alex Vellor