The Anglo-American company Start Campus will invest up to €3.5 billion in a global data centre in Sines - which has high geostrategic importance - that will create up to 1200 highly qualified direct jobs and 8000 indirect jobs by 2025. This project is undoubtedly the largest foreign investment that the country has attracted since Autoeuropa, with no other fiscal or financial incentives.
The investment Start Campus made - a company owned by the North American from Davidson Kempner Capital Management LP (Davidson Kempner) and the British from Pioneer Point Partners - has been classified as a National Interest Project.
Sines 4.0 is hence aiming to become one of Europe’s largest data centre - Hyperscaler Data Centre - and also to respond to the growing demand for data processing and storage, and business applications from major international technology companies who provide streaming services, social media, eCommerce, gaming, online education, video conferencing amongst others.
According to the promoters, the new data mega-centre will be the next generation’s central infrastructure, combining the needs of the new information age and the digital transition with the unique geographical position of Sines, and also contributing significantly to Portugal’s energy transition. The ultimate goal is for Sines 4.0 to have “a zero net carbon footprint, ensuring globally competitive energy prices, security, stability and data security compliance”.
The project foresees the construction of five buildings with a useful capacity to supply 450 Megawatts (MW) of energy to the servers, with 90 MW each, and will be located on the land adjacent to the recently closed coal-fired power plant in Sines. The project will thus benefit from all the strategic advantages of this location, such as cooling with seawater, access to the high voltage electrical network, connectivity through the connection of high-capacity international fibre-optic cables with North America, Africa, and South America, and potential use of 100% green and environmentally sustainable energy, with water consumption indicators and creating highly efficient PUE (Power Usage Effectiveness).
What’s more, the project also leverages the strategic geographical importance of Sines and Portugal at the edge of Europe through the new submarine cables now starting to operate, namely EllaLink (connecting Portugal to Madeira and South America), Equiano and 2Africa (linking the African continent to Europe through Portugal).
Thus, Portugal can once again become the main data hub between Europe, America, Africa amongst other countries, and become the gateway to the multiplication of transatlantic connectivity.
Portugal Homes has very experienced and knowledgeable professionals working with some of the most established and reputable developers Portugal has to offer. Our vast experience allows us to guide you through the best investment choices.
Whether you want a holiday home or an investment property, we select the best units for your profile and take care of all the process from start to finish. Even after the sale! Our After Sales services assume the responsibility of furnishing your property at your taste, taking care of the property in your absence, managing the rentals if you wish to rent your property when you’re not in Portugal and so much more!
To learn more about the Portuguese Non-Habitual Resident Program and our After Sales services, please fill the form below.
My property advisor, Mathew McGurn, was truly excellent! His knowledge, professionalism and attention to details was much appreciated. He worked hard to not only find a property that fit all my requirements, he negotiated successfully with agents making sure my offer won over other buyers bidding for the same property. In addition, his communication skills, prompt response time and general help with my getting settled in Portugal went above and beyond the normal.Investor from the USA
Dear Sérgio, thank you so much for arranging our 1º Esquerdo place. We love our place, and your attention to detail is very much appreciated.Tim Thronson - Investor from the USA
A full service, one stop opportunity. Very easy for us a foreigners. Ryan Dunn went above and beyond for us. We appreciate him and his work!Jose Arias - Investor from the USA
Everyone I met with and spoke with has been extremely knowledgeable and professional. Dealing with native English speakers who understand things from my perspective was very reassuring. Finally, knowing that I had Matthew in my corner gave me the confidence to proceed with the process of buying an apartment in Lisbon. Thanks very much.Investor from the USA
So far it has been great. Simon is very knowledgeable and friendly.Loay El Abiad - Investor from Saudi Arabia
It's fantastic how Ryan had complete knowledge regarding Lisbon and dealt with us in a great manner.Akbar Ali - Investor from Pakistan