The construction of new data centres will generate more than €4.5 billion in inward investment for Ireland by 2025, according to the latest industry update report from Host In Ireland in association with Bitpower.
The report predicts that 34 new data centres are now likely to be operational in the next 6 years, in addition to the 53 which are currently active. With eight new data centres under construction, and 26 with planning approval in place, the value of the projects is expected to deliver €4.5bn in inward investment to the Irish economy over a 6 year period.
The Quarter 2 report also highlights the growing level of direct investment in renewable energy from the data sector with Amazon only recently announcing Cork as the location for a wind farm development, on top of an earlier investment in April this year in Donegal.
The Report include:
Annual Investment in data centres has reached €1.3bn on an annual basis
Cumulative investment in the data centre sector up to 2023 is ex €11bn
Dublin South West remains the largest cluster of data centres in Ireland with 14 active data centres