Figure 12. Data centre construction and installation Investments (€ Bn), Hyperscale owned data centres, 2024 – 2031 forecast

permitting frameworks. This complements hyperscalers' broader mix of metro-proximate and remote large-scale builds, leading to a more Southern Europe continues its rapid ascent, fuelled by new submarine cables, cloud-region commitments and strong solar and Across Europe, the value of investments is expected to stabilise wind energy potential. Over the past year, major new hyperscale around 7 billion annually. Itis worth noting, there are a lot of investments were announced, leading to significant upward investment announcements of hyperscalers that are obviously greater. adjustments of the forecast in Spain and Italy. Also, the Portuguese This is for two reasons: firstly, a significant part of the investment wil forecast has been adjusted strongly, due to a re-evaluation of the take place after 2031; and, more importantly, these numbers often growth line of the 1.2 GW Start Campus in Sines. strategically relevant, serving as an alternative to constrained hubs. node. neocloud providers amplify this geographic diversification by more balanced as new regions attract large-scale investments. The speed, often reinforcing the growth trajectories of emerging markets.