Home > Technology > €4.5bn of new Irish data centres to be built by 2025

€4.5bn of new Irish data centres to be built by 2025

Written by Robert McHugh, on 11th Sep 2019. Posted in Technology

article headline

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

Source: www.businessworld.ie

More articles from Technology

image Description

20% of Irish businesses creating new jobs due to automation

Read more
image Description

Horizon8 plans to create 50 jobs for Cork

Read more
image Description

Nearly two in five Irish adults have not updated their main password in a year

Read more
image Description

EU agrees tough line on digital currencies like Facebook's Libra

Read more
image Description

OneLogin opens new Dublin office and creates 30 new roles

Read more