Masdar Acquires Solar Project to Power Greek Data Hubs
The 550-megawatt renewable project aims to provide sustainable power for AI and digital industries by the end of 2026.
Updated on Oct. 24, 2026 in Data Centers
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Masdar has acquired a 550+ megawatt solar photovoltaic project from Lightsource bp in Greece. The company also announced a partnership with Khazna Data Centres to develop green data centers in the country.
Why it matters
The deal signals an effort to meet the surging electricity demand from AI and digital infrastructure by pairing large-scale renewable generation with specialized data center operations.
The acquired solar asset delivers a capacity of 550+ MW, designed to support both local residential energy needs and the high-density power requirements of upcoming digital hubs.
The players
Masdar
A UAE-based renewable energy firm specializing in large-scale solar, wind, and sustainable urban development projects.
Khazna Data Centres
A Middle East-based operator of hyperscale data centers that provides infrastructure for digital services and enterprise cloud.
Lightsource bp
A global utility-scale solar project developer and operator that manages energy assets across international markets.
The details
The project uses solar photovoltaic cells to convert sunlight directly into electricity, which Masdar plans to augment with integrated battery storage technology to manage intermittency. By partnering with Khazna Data Centres, the firms aim to synchronize renewable output with the cooling and processing power needed for data center operations. This approach seeks to provide a stable, green energy supply for computational workloads, addressing the energy constraints often seen in large-scale server facilities.
Timeline
The 550+ megawatt solar project is scheduled to become operational by the end of 2026.
The Tech Race
This partnership mirrors an industry-wide scramble to secure reliable energy capacity for high-density computational workloads. It positions the firms to compete in the growing market for purpose-built green infrastructure in Europe.
The initiative aims to provide the energy baseline necessary for the digital industries and AI services that drive modern data processing. Residents in Greece may see increased renewable energy integration into the grid as the project hits its 2026 completion target.
The takeaway
The development highlights how energy developers are becoming critical partners in the expansion of high-density server infrastructure. Watch for the 2026 operational milestone to see if the integrated battery storage meets the reliability requirements of commercial data centers.
What happens next
The project is expected to reach operational status by the end of 2026.
Further reading
For more on the intersection of infrastructure and compute, see Data Centers.
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