ACS is investing $21 billion in data centers, renewable energy and sustainable mobility infrastructure through 2030.
The Spanish company ACS is fully committed to the infrastructures of the future. The construction company, which yesterday presented its strategic plan for the period 2024-2026 to shareholders and investors, outlined throughout the meeting what its main directions of action will be to achieve two ambitious goals: profit of 1000 million Euro And turnover 48,000 million.
Likewise, the group has also outlined its strategy for 2030, when it plans to double its value. To achieve this goal, the construction company, chaired by Florentino Perez, will make strong commitments to a number of assets closely related to economic transformation.
In this sense, ACS announced this Wednesday that it is preparing to 12 billion to develop a capacity of 1 gigawatt (GW) in data centers. Data centerdue to its profitability and close connection with the current economic situation, in which more and more services requiring this type of critical infrastructure are in demand, have become one of the reference assets around the world.
(The market applauds ACS’s strategic plan and the company’s shares rise 2% on the stock market)
In Spain alone, according to a report from the employers’ association, the Spanish Association of Data Centers (Spain DC), forecasts for direct investment in By 2026, this segment will reach 6.837 million.. Other listed companies such as Socimi Merlin Properties are also aggressively pursuing this niche.
It’s also worth remembering that ACS has more than a significant presence in the data center market thanks to the performance of its North American subsidiary. Turner Construction. The group has already carried out work on this type of asset for large companies such as Meta or Google.
(Construction companies increase profits in 2023 to 1.989 million, up 68% from 2022)
In fact, ACS closed on the purchase of land to build its first home last November. Data center in Spain. The plot is 6.7 hectares and guaranteed energy supply of 50 MW. The project, which, according to sources close to the company, will be developed over the next five years.
Its North American subsidiary is not the only one in the group with experience in this segment. In the Asia-Pacific market, Australian Chimik annually contributes more than 4000 million to projects related to digital infrastructure. A year earlier, he managed to win a contract for Data center in Hong Kong.
In Europe, ACS’s activities are managed by its German subsidiary. Hochtief.
Last year the company signed a contract to build a data center in Warsaw. The facility will form part of a pioneering campus in Poland, which will be built on a 4-hectare site and will include a total of four independent data centers with a total capacity of 60 MW.
Renewable Energy and Mobility
Two other segments that ACS will be focusing heavily on in this piece by 2030 will be renewable energy and the sustainable mobility industry. As stated in a document sent to the National Securities Market Commission (CNMV), it is preparing 7000 million in 5 GW renewable energy And 2.6 billion in sustainable mobility.
All this advertising along with dividends of 2000 million, convinced the markets, which turned the company’s actions green for the day. It’s worth remembering that ACS just marked a near historic year for the stock market, with share price revaluations unprecedented since 2006.
Ending the day with the stock market recovering in front of investors is not easy. A few months ago, Ferrovial’s presentation on the American markets ended with its share price declining by about 3%.