Strong H2 expected for European data center market
It is anticipated there will be 4 gigawatts (GW) of installed capacity in Europe’s top colocation data center markets by the end of 2023, a 17 percent rise compared with the previous year, according to CBRE.
Paris is expected to be among the fastest growing European markets this year, with double-digit supply growth projected in each of the remaining FLAPD markets (Frankfurt, London, Amsterdam and Dublin).
The growth is expected to be driven in part by a select number of megaprojects that are slated for delivery in Frankfurt and Paris. CBRE also expects London to account for about one-quarter of the installed capacity across FLAPD by the end of 2023.
The supply growth is notable given the difficulties developer-operators have faced securing a primary power source for facilities in key data center development hubs across Europe.
Nevertheless, CBRE has forecasted 495 megawatts (MW) of new supply will be delivered to the FLAPD data center markets in 2023 w