Iberdrola has entered a strategic joint venture with Echelon Data Centres to develop data centres in Spain, marking a significant collaboration between an energy provider and a technology infrastructure firm.

Target Information

Acron Beka, a division of the Beka Group specializing in mergers and acquisitions, has served as financial advisor to Iberdrola in its strategic alliance with Echelon Data Centres. This partnership aims to establish a joint venture focused on the development and operation of data centres in Spain, marking the largest binding agreement of this nature in Europe between an energy company and a technology infrastructure developer.

The joint venture will feature an ownership structure of 20% by Iberdrola through its subsidiary CPD4Green and 80% by Echelon. This collaboration will leverage the strengths and capabilities of both organizations to drive growth in a high-potential sector. Iberdrola will contribute land connected to the electrical grid, ensuring a safe, clean, and competitively priced energy supply 24/7, while Echelon will handle permitting, design, marketing, and daily management operations.

Industry Overview in Spain

Echelon Data Centres, owned by Starwood Capital Group, is a leading operator of large-scale data centre infrastructures in Europe. The company develops and operates assets to meet the growing glo