Amazon to invest €33.7B in Spain
Amazon outlined a €33.7 billion plan to expand data centers in Spain — a massive cloud build-out aimed at powering AI and fintech workloads, but one that’s stoking local concerns about grid strain and rising power costs reported. The scale underlines how hyperscale infrastructure is being prioritized to meet AI demand, even as communities push back.
Amazon added €18 billion to an existing €15.7 billion plan — taking the total to €33.7 billion — in an announcement made at MWC26 on March 2, 2026. aboutamazon.com The pledge specifically targets the AWS Europe (Spain) Region in Aragón, where Amazon intends to expand data centers and build new supply‑chain facilities for server assembly, testing and recycling. datacenterdynamics.com Amazon says the package will support about 29,900 full‑time equivalent jobs annually and contribute an estimated €31.7 billion to Spain’s GDP through 2035, with roughly 1,800 direct jobs tied to the new Aragón supply‑chain sites. aboutamazon.com Construction and ramp plans place the major build phase between 2026 and 2029, and regional briefings indicate a staged deployment that concentrates most capital spending in the late‑2020s. en.actualidadgadget.com Environmental groups including Ecologistas en Acción and other local NGOs have filed formal objections to the Aragón expansion, arguing in filings that projected electricity and water use will exceed regional capacity and that employment promises are overstated. elpais.com Independent analysts warn Spain’s grid is already heavily constrained — roughly 83% of connection points are reported near capacity, a bottleneck that experts say has stalled billions in projects — even as Amazon points to 100+ Spanish wind and solar projects backing its Aragón sites and pledges toward net‑zero by 2040. strategicenergy.eu Amazon has allocated €30 million for community programs in areas hosting data centers through 2035 and highlights Aragón’s existing AWS region (launched in November 2022) as the operational base for the expansion. aboutamazon.com
