Green light in investments over 1.2 billion euros from Microsoft and TERNA Energy

Two new Strategic Investments over 1.2 billion euros were approved today (15/4/2022) by the Interministerial Committee on Strategic Investments. These are the investment “Investment in Data Centers in Greece” of Microsoft Hellas and the investment “Hybrid River Dam Project (Amari)” of TERNA Energy. These strategic investments are expected to create 410 new jobs.

In more detail:

1. Data Centers – Microsoft

The investment proposal concerns the creation of a Complex of Data Centers and Technological Support of Businesses consisting of three Data Centers (Data Centers), in two areas of installation within the prefecture of Attica. The investor is Microsoft Operations Hellas, whose ultimate shareholder is Microsoft Corporation, the fourth largest software / technology company in the world. The investment plan is expected to contribute to employment, the transfer of knowledge and technology, the strengthening of economic activities at national and local level as well as the creation of high added value. At the same time, it will serve as an example for attracting other similar infrastructure projects. The total budget investment of over 976 million euros is expected to create 300 new jobs over a 10-year horizon.

2. Hybrid River Dam Project (Amari) – TERNA Energy

The investment proposal concerns the creation of a hybrid station, which utilizes to the maximum the wind production of 26 wind turbines (RES units) as it combines it with a controlled operation scheme. The combination of hydroelectric and wind production creates increased potential for energy production and storage and will contribute to the further penetration of RES in the energy balance of the country. The total budget investment of 240m euros is expected to create 110 new jobs.

The Minister of Development and Investment, Mr. Adonis Georgiadis, stated:
“Today was a very important day for the Greek economy. The Interministerial Committee for Strategic Investments approved the large and emblematic investment of Microsoft in Greece. With the launch of this investment, Greece becomes an international data centers and together with all other investments We are very proud that we have reached this point and I would like to publicly congratulate the Deputy Minister of Development and Investment, Mr. Nikos Papathanasis, for his contribution. in the specific investment “.

The Deputy Minister of Development and Investment, Mr. Nikos Papathanasis, stated: “The approvals of these investment plans are another important indication that our country, despite the successive crises it faces, is on a path of strong and sustainable development. Greece is constantly growing and it is undeniable that our country is one of the most attractive investment destinations in Europe. “The two investments we approved today create new jobs, upgrade the country’s image internationally and contribute greatly to the change of Greece’s production model towards a green, digital and sustainable future.”

The Committee met under the chairmanship of the Minister of Development and Investment Mr. Adonis Georgiadis with the participation of the Minister of Finance Mr. Christos Staikouras, the Minister of Environment and Energy Mr. Kostas Skrekas, the Minister of Culture and Sports Mr. Lina Mendik, the Minister of Culture George Gerapetritis, the Deputy Minister of Development and Investment Responsible for Strategic Investments Mr. Nikos Papathanasis, the Deputy Minister Responsible for Foreign Diplomacy and Extroversion Mr. Costas Frangogiannis, the Secretary General Of Private Investments and PPP Mr. Orestis Kavalakis and the General Secretary International Economic Relations and Extroversion Mr. Giannis Smyrlis.