Khazna Data Centres and Eni have signed a Head of Terms (HoT) to establish a joint venture for the development of an AI Data Centre Campus in Ferrera Erbognone, Lombardy.

 

The initiative combines Khazna's expertise in advanced data centre design and operations with Eni's leadership in sustainable energy, laying the foundation for a resilient AI ecosystem in Europe.

 

The Data Centre Campus will be fed by "Blue Power" supplied by Eni, a low-carbon electricity source generated by a new high-efficiency Combined Cycle Gas Turbine (CCGT) Power Plant designed to capture CO2 emissions.

 

This project marks the first milestone of a program aiming to install an overall IT capacity in Italy of up to 1 GW, as set out in the Letter of Intent signed during the state visit of UAE President Sheikh Mohamed bin Zayed Al Nahyan to Italy in February 2025.

 

The HoT marks significant progress for the project, with Khazna appointed as the main partner for Eni to design and develop a phased master plan to achieve the 500 MW IT capacity.

 

Hassan Alnaqbi, CEO of Khazna Data Centres, said: “We’re proud to partner with Eni, a demonstrated energy leader, on this HoT, which represents a defining step in Khazna’s European expansion. Together with Eni, we are enabling the infrastructure needed for exponential AI growth—delivering the scale, sustainability, and operational precision that next-generation compute demands.”

 

Guido Brusco, COO Global Natural Resources of Eni, added: “Through this partnership, Eni and Khazna are jointly contributing to delivering a world-class hyperscale infrastructure, strategic for Italy and Europe, providing their distinctive capabilities in innovation, energy sustainability and rapid time-to-market.” -TradeArabia News Service