Logo of Blackstone is pictured in Manhattan, New York City, U.S. July 29, 2025.
In 2024, Blackstone disclosed an initial investment of 7.5 billion euros over nine years to establish a data centre complex in the northeastern region. According to documents submitted to the regional government, the firm now plans a second phase to increase capacity at the same site, based on customer demand. The company stated: “The second phase would take seven years to be completed.”
The first phase of the project is set to begin in the second quarter of 2026. It will include the construction of eight data centres, an electricity substation, a photovoltaic power plant, and connections to the national grid. These facilities are designed to meet the growing demand for digital infrastructure while incorporating sustainable practices. Blackstone has secured renewable electricity supply contracts to power the entire operation and implemented water-free cooling systems to address Spain’s frequent water scarcity challenges.
Aragon has become an attractive location for data centre investments, with around 20 projects currently under evaluation. Major technology companies, including Microsoft and Amazon, have also selected the region for similar initiatives, highlighting its strategic importance due to its infrastructure and connectivity.
The expanded project underscores Blackstone’s commitment to supporting the digital economy in Europe. By aligning the development with renewable energy sources and innovative cooling technologies, the firm aims to ensure operational efficiency and environmental responsibility. The additional capacity planned for the second phase will further enhance Aragon’s role as a key player in the global cloud computing market.
This investment is expected to create economic opportunities in the region, including jobs and infrastructure improvements, while contributing to Spain’s broader goal of advancing its digital and technological capabilities. The phased approach allows Blackstone to adapt to market needs, ensuring the project’s long-term viability and alignment with customer requirements.
