Data centers are powering investments of up to 10 billion euros
Greece’s potential for data center investments is estimated at 10 billion euros, highlighting a mismatch between regions with strong interest and those with robust electrical grid connectivity.
A recent study by PwC indicates that Greece's data center market has the potential to draw investments of up to 10 billion euros. However, there exists a significant mismatch between the regions that show strong investor interest for data centers and those that possess adequate electrical grid connectivity. It was highlighted during a discussion hosted by the Ministry of Digital Governance that the overall capacity for connection to the power grid is projected to increase from approximately 1.9 GW in 2025 to about 2.9 GW by 2034. This growth opens pathways for additional investments in the sector.
Moreover, the report identifies a gap in available power capacity ranging from 300 to 700 MW. To leverage this potential effectively, investor interest may need to be directed towards other regions of Greece beyond the heavily populated Attica region. It was mentioned that Attica is nearing its maximum capacity and may struggle to accommodate more data centers than those already announced. This situation presents both a challenge and an opportunity for local governments to encourage data center development in less utilized areas of the country, which could also stimulate regional economies.
In conclusion, ensuring adequate electrical grid infrastructure and addressing the spatial distribution of data center investments are critical. Policymakers and stakeholders must collaborate to foster a balanced investment landscape that supports technological growth while also drawing from the potential resources of various regions around Greece. This will not only enhance the overall infrastructure but also promote sustainable economic development across the nation.