Brazilian investment firm Patria Investimentos has announced the launch of Omnia, a hyperscale data centre platform that will invest about US$1 billion in its first project in the next 18 to 24 months.
Reuters says that Patria's investment in Omnia will be channelled through one of its infrastructure funds and will focus mainly on artificial intelligence, with the firm seeking to meet the needs of major global technology players.
The move marks Patria’s return to the data centre sector after its 2023 sale of data centre business Odata to Aligned Data Centres for nearly US$2 billion. Unlike previous models, Omnia will focus on hyperscale data centres designed to handle massive processing loads required by major technology companies. Brazil, Mexico and Chile will be the countries targeted for these developments.
News service Valor says construction of the first Omnia facility will begin in the second half of 2025, with operations expected by the end of 2027. The exact location of the first project has not been disclosed yet.
Valor adds that all Omnia projects will be powered entirely by renewable energy and that Patria plans to source power from a new wind project specifically developed for Omnia’s data centres, rather than relying on existing grid capacity.
In fact Latin America is said to offer abundant renewable energy and relatively unconstrained growth prospects, making it more attractive than relatively saturated markets in the US and Europe.
Indeed while global demand for data centres is expected to more than double by 2030, capacity in Latin America may triple in the next few years, requiring billions of dollars in new funding.
