Azora launches Quetta platform to invest more than €500m into Iberian data centers
Azora, in collaboration with Core Capital, launches the Quetta Data Centers platform to invest more than €500 million ($537 million) in the construction of a network of six highly efficient “Edge” data centers in Spain and Portugal.
On completion, the portfolio’s data capacity will exceed 60 megawatts and will utilize 100 percent renewable energy to create Iberia’s first eco-efficient network of data centers with a PUE (Power Usage Effectiveness) rating of less than 1.15.
Edge data centers represent a new category of data centers that are characterized by offering technological solutions to companies that require low latency in data processing and transmission. These data centers are located near large urban centers, close to end consumers, to reduce data traffic with large hyperscale data centers, which are usually located at a considerable distance from end users.
This investment marks Azora’s entry into the Iberian data center sector, based on th