€3.5 billion investment in Sines for data centre

  • Home >
  • News >
  • €3.5 billion investment in Sines for data centre

€3.5 billion investment in Sines for data centre
Reading time: 3 minutes
Published: 28th April 2021, 5:24pm
Updated: 28th April 2021, 6:13pm

Sines will be able to have a leading role in the digital transition with a new mega data centre, helping Portugal re-emerge as a key player in the international market of data and connectivity 

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”.


Read also:


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.


Read also:


Source: essential-business.pt

3rd May 2021
The President of the Republic has announced the end of the state of emergency…
22nd April 2021
The Lisbon City Council has recently approved a request for a requalification…

Buying Property in Portugal

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.

Thanks to Andreia Leite for the comprehensive and timely updates on the construction progress of the new development we purchased!

Investor from the USA

Very helpful. Work with his heart. Mark is a very nice advisor. 

Investor from Morocco

Everything was perfect. I got all answers about my questions. 

Investor from Turkey

Ryan was an excellent real estate agent, he really steered me in the right direction based on what I said was important to me. Living in another country, I wasn't as familiar with the city as he is. Where I thought I wanted to live and what I truly wanted were not the same. He took the time to listen and figure out the best spot for me, and we are very happy with it - far more than we would have been elsewhere.

Investor from the USA

The overall experience was great from follow up to After Sales. I would like to give special thanks to Mr. Simon, Ms. Francisca and Ms. Mariana.

Investor from UAE

George Hobson is a pleasant young man, came across as knowledgeable, experienced, hardworking, honest & disciplined; I felt very comfortable in easily making my investment.

Investor from UAE