Asset management company Quaero Capital is to finance the construction of a new data centre facility in the Latvian capital, in Northern Europe. The asset will be built by operator DEAC, owned by Quaero European Infrastructure Fund II, an infrastructure investment fund managed by Quaero Capital. The new Riga data centre will have a capacity of up to 1000 server racks and...

Northern Europe carrier-neutral data centre operator DEAC has expanded its partners' data centres' network with a location in Vilnius, Lithuania, and has also announced an investment in its Riga, Latvia. In addition to the new location, DEAC, part of Quaero Capital, has two owned 2.3MW and 0.4MW data centres in Riga and a third one with 4MW and additional 400 racks under co...

The European data centre market is in frank expansion and expected to reach revenues of €14,722 million by the end of 2024. The 46% increase follows the record set in 2020 of €10,063 million, according to research and analysis firm Datacentre Pricing (DCP). Covering 17 European countries, 650 data centre providers and over 1,300 data centre facilities, analysts at th...