Agreement on the creation of the joint venture Geminiwith the aim of developing and operating state-of-the-art hyperscale-ready Data Centers in Greece, ADMIE and Serverfarm, a data center management company with a leading position in the global market, signed.

The new strategic partnership is milestone for strengthening the digital infrastructures of Greece and SE Europeutilizing the Administrator’s properties and facilities in Attica and other regions of the country, the Administrator states and adds:

“The consortium Gemini will combine the expertise and resources of two leading organizations in their fields of activity. ADMIE, as the manager of the national electricity transmission system and a key pillar of the Greek energy sector, will ensure the reliable and sustainable energy supply of the Data Centers in its own facilities, with access to electricity networks, optical fibers as well as other operational resources”.

On her part, Serverfarmrelying on its global experience in the development and operation of advanced Data Centers and its strong presence in the real estate market, will offer specialized knowledge and innovation, in order for the joint venture to become a point of reference for high-quality digital services in Greece.

OR Gemini designs the construction and operation of hyperscale-ready Data Centers in the wider area of ​​Athenswith the creation of facilities with a total capacity of up to 130 MW. These infrastructures will contribute to the creation of a strong digital ecosystem that will support the growing needs of cloud service providers, content delivery networks and businesses operating in Greece.

The Data Centers of the consortium will be developed with an emphasis on energy efficiency, using advanced cooling technologies and “green” energy from RES to minimize their environmental footprint. The consortium envisions Athens as a major digital hub in SE Europewhich will offer hyperscalers and other wholesale customers secure and reliable services, strengthening Greece’s position in the international data economy.

The President and CEO of ADMIE Manos Manousakissaid about it:

“ADMIE creates added value for the country, through the utilization of its assets and the conclusion of strategic synergies. The agreement with Serverfarm is a milestone for the digital transformation of Greece and its emergence as a critical data hub at the crossroads of Europe, Africa and Asia. With the Gemini joint venture as a vehicle, we will be able to take full advantage of Serverfarm’s extensive experience in the field of Data Centers as well as the facilities we have as an Administrator, in key locations throughout the country, opening up new perspectives for upgrading digital services in wider area. The demand for “green” energy, data transmission and storage will increase rapidly in the coming years and for this reason, ADMIE will continue to systematically invest in upgrading its electrical and telecommunication infrastructures.

The founder and CEO of Serverfarm Avner Papouchadostated:

“As leading technology companies and hyperscalers continue to expand in Greece, we see an excellent opportunity to leverage our expertise in the region. Our strategic partnership with ADMIE underscores our mission to invest in projects that transform and create long-term value. The Greek Data Centers market is still one of the least developed in Europe, but at the same time its geographical position makes it ideal to function as a data gateway between continents. Our partnership with the Operator to create Gemini and our shared commitment to excellence and sustainability will allow us to tap into this huge potential by offering high quality Data Centers services in Greece. Our goal is to respond to the growing needs of hyperscalers in the region and to make Athens a major hub for the industry, shaping the digital landscape in the wider region.”