Under construction
Colocation
Liquid cooling
Tier III

Edged Merlin Lisbon AI Campus

Merlin Properties / Edged · Lisbon AI Campus

Planned IT
180 MW
Free to lease
144 MW
$ / kW·mo
$102
White space
450k ft²

Inventory

20% occupied

Power

180 MWlive

144 MW to lease · 36 MW in use

White space

450k ft²total

360k ft² free · 90k ft² occupied

42k m² · 33k m² free

Free power is unsold critical IT at this building, not utility headroom. Space is computer-room white space.

Power

IT live—
Free to lease144 MW
Utility feed—
Campus / planned180 MW

Power cost

$102/kW·mo

11.6¢ industrial · 13.9¢ after PUE 1.20

Per MW·year
$1.2M
This site · 180 MW
$219M/yr
40 kW rack
$4,065/mo
3.2¢ cheapdear 22.4¢

3.6× the cheapest market (Iceland Landsvirkjun). Same IT load there is $159M/yr less.

Portugal industrial · utility tariff × PUE, not colo list price.

Redundancy
N+1
Opened
2027
Renewable match
80%
Rack density
40 kW
PUE
1.201.00 ideal · 1.60 typical
Power source
REN plus Merlin renewable contracts.

Cooling

Plant

Hybrid

Liquid

Deployed

Rack density

40 kW

H100-eq

—

WUE

—

Operator has not published WUE. Blank, not zero — air-cooled sites still use some water.

AI-ready liquid manifolds. Construction started October 2024.

Network carriers

4

On-net and metro carriers typically present at this location, including internet exchanges. Not a full circuit inventory.

Clouds

3

Native regions and typical Direct Connect / ExpressRoute / Interconnect on-ramps at this campus. Availability varies by hall.

Location

Lisbon, Lisbon, Portugal

Greater Lisbon, Portugal

38.722°, -9.139° · Europe

Tenants / users

Hyperscale, AI colo

Notes

180 MW AI campus near Lisbon. Second-largest Portuguese pipeline project after Start Campus.

Operator site

Compiled from public filings, operator pages, and reporting. Not an official operator specification.