ACS is currently building data centres in Indiana (for Meta) and elsewhere in the US, India, Indonesia, and Poland.
Spanish construction firm ACS is reportedly looking to expand into investing and potentially leasing data centres, as well as constructing them for clients.
Local press including El Confidencial and Expansion report Grupo ACS is looking to double down on data centres, setting up a new division to invest billions of Euros into new projects.
Expansion reports the company has identified up to 5GW of opportunities globally.
“We could already have 1,000MW with land and permits for access to energy,” said Juan Santamaría, CEO of ACS and Hochtief last week at a meeting with investors. He did not specify to investors how it would finance the projects.
According to its most recent results, ACS is currently building data centres in Indiana (for Meta) and elsewhere in the US, India, Indonesia, and Poland. The company owns or has stakes in Hochtief, Turner Construction, Dragados, CIMIC, Leighton Asia, Ventia, and numerous others.
Though slim on details, the company’s Q3 2024 results presentation highlights an investment strategy for greenfield data centres.
It notes 1.1GW of capacity (278MW in Spain, 220MW in Australia, 300MW in the US, and 300MW in Chile) totaling $3..4 billion in equity. The company says it has a further 4GW in “additional opportunities.”
ACS was founded in 1997 through the merger of OCP Construcciones, S.A. and Ginés Navarro Construcciones, S.A.
The company’s Iridium unit last year acquired a 6.7-hectare parcel of land in the Alcalá de Henares area of Madrid for the construction of a new 50MW data centre.
