A US company is to open two major data centre in Little Island in a joint venture with Cork development company JCD.
The first of the 84,000 square foot centre will cost €70m and will open in 2019. It will sustain 125 construction jobs while it is being developed.
The centres will be located in Little Island to take advantage of the 60MW electrical grid connection in the adjoining substation.
The new data centres will also link directly into the new transatlantic fibre optic internet cable that was landed in Garretstown beach in September 2015.
They will also link directly to the Ireland France Subsea Cable, the first cable to directly link Ireland to mainland Europe.
Data centres are becoming more commonplace as the amount of digital data, such as pictures, video, documents and other information increases each year.
They store huge volumes of information and required high-speed internet connections to allow customers access the data at any time.
T5 Data Centers, headquartered in Atlanta, is entering the European market in a joint venture with JCD, the company who built The Capitol and City Gate in Mahon.
JCD has full planning permission for two data centres on a 323,000-square-foot site.
The high-speed internet connections into Cork provide the Little Island location with faster connection speeds than Dublin to cities like London, Frankfurt, Amsterdam and Paris.
Speaking about the joint venture the Tánaiste Simon Coveney said: “With the landing of the GTT (Hibernia) Express cable in Garretstown in 2015, which provides the lowest latency between Europe and the US, and the planned delivery of the Ireland France Subsea Cable (IFC-1) in Spring 2019, Cork has now become a strategic European location for the storage, hosting and processing of data," he said.
"Cork as a region is also well served from a power perspective, and this substantial investment by T5 Data Centers and JCD Group will further increase Cork and the region’s attractiveness from a Foreign Direct Investment perspective.”
John Cleary, CEO of JCD said they are in detailed discussions with a number of potential clients and are very encouraged by the level of interest in the T5@Ireland campus.
"We expect to start construction soon with the delivery and commissioning of the of the first data centre coming in early 2019," he said.
Garrett McClean, Executive Director of CBRE said they were expecting strong levels of interest from multiple sectors.