Why it matters
The strategic read
Adds a Southern Europe data-center platform where the investment thesis is explicitly power-coupled: each facility is planned beside renewable generation under a self-consumption model. It is not a named hyperscaler lease yet, but the strategic signal is that AI/cloud demand is pulling private infrastructure funds and renewable developers into bundled compute-plus-power platforms.
Source-supported terms
What was disclosed
- 01
Green Arrow Capital announced a strategic joint venture with Gruppo Lazzari to enter the data-center sector.
- 02
The initiative is expected to involve an investment pipeline of more than EUR1B for development of next-generation data-center assets across Italy.
- 03
The collaboration will be implemented through Core Stack, Gruppo Lazzari's company dedicated to digital infrastructure.
- 04
The companies said a substantial pipeline of projects is underway and that a significant share is expected to reach ready-to-build status during 2026 thanks to advanced authorization processes.
- 05
Each new data center is planned with an adjacent renewable-energy plant configured under a self-consumption model to serve the digital infrastructure.
- 06
Green Arrow framed the launch as part of GAIF II, its second fund dedicated to energy and digital infrastructure.
- 07
Gruppo Lazzari said the model integrates renewable generation and computational capacity inside the same ecosystem.
- 08
DCD reported Core Stack currently has 11 projects underway and linked the demand backdrop to cloud and AI expansion in Italy.
Disclosure boundary
What is known—and what is not
Primary Green Arrow announcement and near-primary DCD coverage; site list, MW capacity, customer/offtake contracts, final fund commitments, project financing, renewable generation capacities, interconnection terms, EPC awards, cooling design and delivery schedules are not fully public.