XLY - Amazon Pours $17B Into Cloud Infrastructure In Spain: Report | Benzinga
Amazon.com Inc‘s (NASDAQ:AMZN) web services division plans to inject €15.7 billion (US$17.02 billion) into establishing facilities in Spain.
What Happened: Amazon Web Services will expand in Spain’s northeastern Aragon region, reported Reuters.
The initiative supplants a prior commitment made in 2021, wherein Amazon had allocated €2.5 billion for Spain.
Amazon plans to power its Spanish data centers with renewable energy sources.
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