Data Centers: Investment interest up to 2.2 GW
Greece is experiencing a surge in investment interest for data center infrastructure, potentially reaching 2.2 GW, largely driven by increasing global demand linked to artificial intelligence.
Significant investment interest in data center infrastructure is being reported in Greece, driven by the surging global demand for computing power, especially due to advancements in artificial intelligence. A study conducted by PwC for Greece's Ministry of Digital Governance indicates that the total investment interest ranges from 1.4 to 2.2 GW. Notably, Attica region captures the lion's share of this interest, accounting for around 65% of the total planned investments, which highlights its strategic importance in the data center landscape.
Among the total anticipated investments, approximately 0.8 GW pertains to projects that have already been publicly announced. In addition, around 1.2 GW is linked to 20 requests for connection to the electricity transmission grid (managed by IPTO), while roughly 0.2 GW consists of requests for connections to the distribution network (managed by DEDDIE). This breakdown illustrates the growing commitment and readiness of stakeholders to move forward with infrastructure investments, particularly in Attica, where interest is projected to be between 800 and 1,260 MW, with about 330 MW already having received connection terms.
Beyond Attica, there are indications of investment interest in other regions of Greece, suggesting a broader national strategy for enhancing digital infrastructure. The overall implications point to a rapid evolution of Greece’s position as a hub for data centers, which could stimulate economic growth, create jobs, and improve the country’s technological capabilities, sustaining its competitiveness in the global market for data services. This investment wave not only meets local demands but also aligns with global trends in data processing needs driven by continuous advancements in technologies like artificial intelligence.