The Independent Power Transmission Operator (IPTO) of Greece and Serverfarm have signed an agreement regarding the formation of Gemini, a Joint Venture with the objective of developing and operating state-of-the-art, hyperscale-ready data center facilities in Athens and elsewhere in Greece, on sites owned by IPTO.
This strategic alliance marks a significant milestone in advancing Greece’s digital infrastructure and fostering sustainable growth in the data-driven economy.
Gemini will combine the collective expertise and resources of two leading entities in their respective fields.
Leveraging its extensive experience, IPTO will be providing reliable and sustainable power essential for supporting data center operations along with strategically located sites.
Serverfarm will be bringing industry experience and advanced design and operational know-how.
The Joint Venture envisions Athens as a prominent digital hub bolstering Greece’s position in the global data economy.
Founder and CEO of Serverfarm, Avner Papouchado, said: “The Greek data center market is still one of the most under-served in Europe but at the same time, its geographical location makes it ideal to serve as a data gateway between continents. Our collaboration with IPTO in creating Gemini and our shared commitment to excellence and sustainability, will enable us to leverage this immense potential.”
The Chairman and CEO of IPTO, Manos Manousakis, said: “This alliance symbolizes a significant milestone for Greece’s digital transformation.”
