Wed, Oct 21, 2026
IREN secures civil works license for 300 MW Badajoz campus in Spain
Analysis
Mildly positive: the license and grid connection de-risk IREN's first European site, though first operations are only targeted for 2028. No customer, capex or financing is disclosed, and the project still depends on consultations with the authorities.
Key points
- IREN has established IREN Europe and secured the civil works license for its planned AI data center in Badajoz, Extremadura, Spain: about 300 MW of capacity, with initial operations targeted for 2028
- Grid-connected power and the license are secured; IREN remains in consultation with local, regional and national authorities as the project advances
- Designed around closed-loop liquid cooling with minimal water use, and for compatibility with the NVIDIA DSX AI Factory Platform
- IREN plans to offer AI cloud services from Badajoz, including managed services built on the software of the Mirantis acquisition (k0rdent AI), for customers with European data residency needs
- Ángel Corcóstegui, former CEO of Banco Santander, is appointed Chair of the IREN Europe board and Roberto Purcaro, formerly of Macquarie Capital, Executive Director; the campus is part of IREN's portfolio of more than 5 GW of grid-connected power
Site update
| Site | Status | Active | In build | Theoretical |
|---|---|---|---|---|
NostrumBadajoz Badajoz, Extremadura: grid-connected power and the civil works license secured for a planned campus of about 300 MW (basis not stated); initial operations targeted for 2028; closed-loop liquid cooling. | Disclosed | — | — | 300 MW |