By Razvan Toma · Founder & CEO, Ampervia · Last checked 2026-10-12 · Sources linked below
Yes. Recent European deals show buyers committing before ready-to-build, with payment tied to milestones: a non-binding offer for a 300 MW Spanish project pays €1 million per MW once RTB is certified, and a term sheet for other Spanish sites pays €1.5 million upfront, €1.5 million at RTB and €325,000 per leased MW. In Berlin, a fund bought a plot once its power contract was signed, before any building. Sources (4)
EdgeModeEdgeMode — Non-Binding Offer from Spark AI Foundry (OTC Markets release)↗
SEC filingSEC filing — EdgeMode 8-K: Pure DC term sheet and exclusivity (1 Jul 2026)↗
DCDDCD — Aventos sells planned data center site in Berlin to Tristan Capital Partners (Dec 2025)↗DataTechDataTech — EdgeMode agrees €300m non-binding sale of Spain project↗
Key facts
- Malpica (Toledo): Spark AI Foundry non-binding offer, €1m per certified RTB IT MW, up to €300m (June 2026).
- EdgeMode–Pure DC term sheet: €1.5m per site upfront, €1.5m at RTB, €325,000 per MW leased, with an option to reinvest through a JV (July 2026).
- Siemensstadt (Berlin): data center plot sold to Tristan Capital Partners after the power supply contract was secured (Dec 2025).
What it means for funding a site
Early steps (option, grid request, studies) can be funded by the site’s first investors; the partner then pays at agreed gates instead of only at full RTB. See the Malpica case and the case studies.
Sources
- EdgeMode — Non-Binding Offer from Spark AI Foundry (OTC Markets release)
- SEC filing — EdgeMode 8-K: Pure DC term sheet and exclusivity (1 Jul 2026)
- DCD — Aventos sells planned data center site in Berlin to Tristan Capital Partners (Dec 2025)
- DataTech — EdgeMode agrees €300m non-binding sale of Spain project
Terms on this page: Ready-to-build (RTB) · SPV · Co-investment