The Olive data center, an investment by Dromeus Capital and Apto (Pimco) amounting to €770 million, has reached a new phase following the completion of its environmental impact study. This development has set the stage for the initiation of construction work for the first phase, which is budgeted at €300 million. The investors have reported that the preliminary construction permit has already been approved by the relevant authorities, marking a significant step forward in the project timeline.

However, the ambitious timeline set by Dromeus and Apto, with expectations to complete the first phase by 2028, faces challenges as local opposition mounts. Residents from the nearby community of Christoupoli, along with the American college Pierce located in close proximity to the proposed site, are voicing their concerns about the project. The data center, which is projected to have a total capacity of 80 MW, is drawing scrutiny for its potential impact on the local environment and community.

The primary concern among the residents revolves around the environmental and social implications of such a large-scale facility being constructed in their vicinity. While the residents have engaged in discussions with the investors to find ways to address these issues, the road ahead remains uncertain as they continue to rally against the development. This situation highlights the tension between local communities and large-scale investments, raising questions about sustainable development practices in Greece as the project advances towards construction.