Alibaba Negotiates Spain Data Center Power With Solaria

Business19 days ago

A producer of renewable energy in Spain has held discussions with Alibaba to potentially provide electricity for a data center facility, according to people familiar with the matter. Solaria is talking with the Chinese cloud provider to secure the power supply for the company's infrastructure in the Mediterranean nation.

The talks are in their initial stages and no final agreements have been reached yet. The potential deal would leverage Solaria's clean-energy production to meet the energy requirements of Alibaba's data center operations in Spain.

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45%Power Deal Advances+0.1%
25%Grid Constraints Delay-0.2%
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Alibaba Negotiates Spain Data Center Power With Solaria

In this story

Alibaba Group Solaria Energía y Medio Ambiente Spain

$BABAAlibaba Group Holding Ltd.

Portfolio

SPY
State Street SPDR S&P 500 ETF Trust
100%

Portfolio

SPY
State Street SPDR S&P 500 ETF Trust
100%

Mapped to your portfolio

Possible scenarios

45%Power Deal Advances+0.1%
25%Grid Constraints Delay-0.2%
18%Supplier Mix Changes+0.0%

Each figure is the modeled move of the S&P 500 if the outcome occurs. For information only. Not investment advice.