ACS & BlackRock's GIP Form Data Center JV
Update: 2025-11-14
Description
Spanish construction giant ACS and BlackRocks Global Infrastructure Partners form a $2 billion data center joint venture, aiming to meet the surging demand for AI and cloud computing infrastructure. The partnership will incorporate ACSs existing projects and explore new opportunities, with a potential pipeline of over 11 gigawatts. The deal includes an initial $1 billion investment, with additional payments based on project commercialization and success.
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