Is Spain a good place to invest in data centers?

By Razvan Toma · Founder & CEO, Ampervia · Last checked 2026-10-12 · Sources linked below

Quick answer

Spain combines cheaper land and large granted grid access with real bottlenecks where demand concentrates. About 12 GW of access has been granted to data centers against a 2030 forecast of 3.5–4 GW, yet in August 2026 only 9 of Madrid’s 587 distribution nodes offered 20 MW or more. Completed deals near Madrid have priced powered land at about €440,000 per grid MW.

Key facts

Granted access to data centers: about 12 GW vs 2030 demand of 3.5–4 GW (Yeandel).
Madrid: 95 of 587 distribution nodes publish demand capacity; 9 offer ≥20 MW; no Red Eléctrica transmission node shows demand capacity (CNMC, August 2026; Ampervia aggregation).
Meco, Madrid: €11m for 17,650 m² with a 25 MW power agreement (ActivumSG).
Industrial land along the A-2: about €500/m² in Coslada to €225–250/m² in Alcalá de Henares (El Debate).
Since March 2026 every demand permit carries a CNAE code and a capacity-reservation charge (BOE, RDL 7/2026).

Where the opportunity is

Outside the most contested Madrid nodes, published capacity is far larger: see the province table. The trade-off is distance from the main interconnection hubs and from the tenants that want Madrid.

What to watch

Permits granted but never built returning to the grid under RDL 7/2026.
Land prices rising with logistics and data center demand.
Whether buyers keep paying per RTB MW, as recent Spanish offers do.

Questions

Can foreign investors buy land in Spain?

Generally yes; check the vehicle, tax and any sector rules with Spanish counsel.

Sources

Terms on this page: Access capacity · CNAE lock · Powered land

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