Emerging Markets

Uruguay signs a US$5.7 billion data centre investment with Spain’s Solaria

Uruguayan President Yamandú Orsi on Wednesday signed an agreement with Spanish company Solaria Energía y Medio Ambiente to develop a data centre campus of up to 500 megawatts with its own solar generation, a US$5.7 billion investment the government described as the largest in the country’s history. The opposition has demanded explanations about the company’s financial capacity and the jobs the project will create.