{"generated_at": "2026-11-07T09:08:15.504012+00:00", "key_stats": {"computed": "2026-11-07T08:49:05.338371+00:00", "constraint": null, "dcpi_score": 18.6, "excess": null, "facility_count": 122, "mw_reporting_count": 3, "name": "Madrid", "recent_deals": [{"buyer": "Nabiax", "date": null, "id": "ext_046ae9be033c109f5bc9", "mw": null, "seller": null, "source_url": "https://www.datacenterdynamics.com/en/news/spains-nabiax-to-expand-madrid-data-center-campus/", "type": "investment", "value": 870.0, "value_unit": "usd_millions"}], "slug": "madrid", "state": "ES", "top_operators": [{"count": 4, "name": "Digital Realty"}, {"count": 3, "name": "Asociaci\u00f3n ESpanix"}, {"count": 3, "name": "Equinix"}, {"count": 2, "name": "Aire Networks del Mediterraneo S.L.U."}, {"count": 2, "name": "AtlasEdge"}], "total_mw": 175.0, "verdict": "AVOID"}, "model": "claude-haiku-4-5", "name": "Madrid", "narrative_md": "# Madrid Data Center Market Brief\n\nMadrid's tracked portfolio stands at 122 facilities totaling 175 MW across operational, under-construction, and planned sites. Digital Realty leads with four locations, followed by Asociaci\u00f3n ESpanix, Equinix, Aire Networks del Mediterraneo, and AtlasEdge with three, three, two, and two facilities respectively. The market reflects consolidation among tier-one operators, with no single entity dominating a particularly large share of the modest regional footprint.\n\nThis scoring suggests that obtaining new power connections\u2014whether through grid expansion or alternative supply arrangements\u2014will face material headwinds.\n\nDeal activity centers on capacity expansion rather than ownership transfers. Nabiax announced a \u20ac870 million investment commitment targeting growth from 35 MW to 140 MW across its Madrid campus, signaling confidence in long-term operations despite grid limitations. Separately, Global Switch has begun construction on a second Madrid facility projected to add 56 MW. These projects suggest operators are pursuing organic growth strategies within existing footprints rather than competing for new greenfield entitlements. The concentration of activity among established regional players indicates that entry barriers\u2014likely including power procurement complexity\u2014remain high for new market participants.\n\nPending power availability improvements or grid upgrades, expansion projects already in motion will continue absorbing available supply-side flexibility in Madrid.", "slug": "madrid", "word_count": 268, "_gated": true, "_locked_fields": ["constraint", "constraint_score", "excess", "excess_power_score", "time_to_power_months", "top_opportunities_json", "top_risks_json"], "_upgrade_cta": "BUILD/CAUTION/AVOID verdicts, the composite score and the market list are free. The DCPI sub-scores (excess-power, grid-constraint, time-to-power) and risk/opportunity detail unlock with the DC Hub plan with every tool: https://dchub.cloud/pricing."}