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Core Stack, Green Arrow plan €1 billion Italian data centre project

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In short

Core Stack, Lazzari Group's digital infrastructure business, and Green Arrow Capital have announced a €1 billion investment plan to build 13 mid-size data centers in Italy over the next four years. The project, powered by renewable energy generated on-site, will receive permits for the first two sites in Cremona and Verona by the end of 2027, with operations expected to start in the first quarter of 2028. The companies plan to focus on the center-south region next, developing an entirely Italian supply chain for the data centers.

Key points

  • Permits for first two sites in Cremona and Verona by end of 2027.: Permits for first two sites in Cremona and Verona by end of 2027.
  • Operations expected to start in the first quarter of 2028.: Operations expected to start in the first quarter of 2028.
  • Focus on center-south region for supply chain development.: Focus on center-south region for supply chain development.

Oct 7 : Core Stack, Lazzari Group's digital infrastructure business, and Green Arrow Capital will invest more than €1 billion ($1.12 billion) over the next four years to build 13 mid-size data centres in Italy, the two companies said on Wednesday.

• The medium-sized data centres will be powered by renewable energy generated on-site.

• The companies said they expect to receive the required permits for the first two sites in the provinces of Cremona and Verona by the end of 2027 with operations due to launch in the first quarter of 2028.

• Following the more advanced projects in Italy's north and northeast, focus will move to the centre-south, the companies said.

• Development of the data centres will rely on an entirely Italian supply chain, they said.

($1 = 0.8937 euros)

Original source: www.channelnewsasia.com

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