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Ignis and Acciona look to build a data center in Segovia, Spain

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The Agentic AI Supplement.

Ignis and Acciona have formalized a joint venture to develop a data center project in the province of Segovia (Castile and León), which will be accompanied by an adjacent solar power plant designed to meet its electricity needs with renewable energy.

Key facts

Summary

The transaction is structured through Ignis Data Epta, a company established in 2024 that until now was wholly owned by Ignis P2X, the data center platform jointly owned by IGNIS and the private equity firm KKR. Acciona has acquired a 50 percent stake in this vehicle, while Ignis retains the remaining half of the project. The permits for access to and connection to the power grid required for the project were previously processed through two Ignis subsidiaries, and this transaction formalizes the joint presence of both companies in the development of the complex.

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