Specifically, the company has launched its new company CPD4Green, which has a team to convert electrical land into data centres operating 24 hours a day, seven days a week, financial sources told Europa Press .
Iberdrola is working on a joint venture to develop, promote and expand the growth opportunity represented by the data centre and processing business for Artificial Intelligence (AI) in Spain and other geographies.
Specifically, the company has launched its new company CPD4Green, which has a team to convert electrical land into data centres operating 24 hours a day, seven days a week, financial sources told Europa Press .
The company held a webinar for analysts on Monday about data centers and the role the company will play in this business. The webinar was led by David Mesonero, Iberdrola's director of corporate development, and Agustín Delgado, the company's director of innovation.
In this way, Iberdrola seeks to bring in a financial partner in this new company with which it aims to boost the data center business.
The aim of this project is to present a turnkey project for data centers : land, renewable electricity, security of supply, grid connection and 24x7 energy contract.
The energy company is thus confident that it will be the leader in this niche market, once again anticipating market trends and capitalising on the demand for these centres.
This business is aligned with the company's strategic plan, which aims to promote the electrification of the economy through networks, renewables and storage.
Iberdrola has a potential portfolio of 5 gigawatts (GW), of which 1 GW is in an advanced state and more than 200 megawatts (MW) have already been secured with a connection in Spain, although it has not ruled out other countries.
Last July, during the presentation of the group's first half-year results, Iberdrola's chairman, Ignacio Sánchez Galán, confirmed that the energy company had set up a company - CPD4Green - with the aim of exploiting this data centre business and thus taking advantage of the opportunities of a sector that will be a major demander of electricity.
Specifically, Galán said that the initiative would start in Spain, although there would also be significant opportunities in other countries where the company is present, such as the United States or the United Kingdom.
He also pointed out that Iberdrola already had more than eight terawatt hours (TWh) per year signed with large technology companies such as Amazon, Meta and Microsoft in different countries and that the growth of this business would continue in the future, since data centres will represent almost 10% of electricity demand, tripling their current levels.
