Merlin Properties SA

The Spain data center market is projected to grow at a compound annual growth rate of 17.55% from 2025 to 2031, reaching an estimated value of $8.82 billion. Key developments include the construction of high megawatt campuses by organizations such as Form8tion Data Centers, Nostrum Group, QTS, Solaria Edged Energy, and Merlin Properties. EdgeMode has secured power for an AI-focused platform in a joint venture with Blackberry Alternative Investment Fund, covering five campuses with a total power capacity of 1.5 gigawatts. Google announced the Sol subsea cable between Spain and the US to enhance connectivity, while sustainability efforts include Templus' new facility in Ceuta powered entirely by renewable energy, initially providing 1.2 megawatts of capacity. Major cloud providers like AWS, Microsoft, and Google are expanding operations, with AWS planning an AI data center in Aragon by 2026.