Investment firm Ardian and its data center platform Verne are to develop a new campus in France to support a planned ‘AI gigafactory’ bid.

The companies this week announced plans to develop a 500MW data center campus, with the first 200MW due by 2030.

A Verne facility – Verne Global

The €5 billion ($5.82bn) project will be located near Paris in the Île-de-France region. Full details haven’t been shared. It will be Verne's first project in France.

“Ardian’s strategy of investing in both essential digital and energy infrastructure is aligned with the European needs to strengthen its strategic capabilities and accelerate its progress toward digital sovereignty. By bringing together our industrial and financial knowledge with an ecosystem of leading French industrial partners, our ambition is to build a benchmark platform in the Île-de-France region gathering digital, industrial, and research serving Europe.” Mathias Burghardt, executive president of Ardian and CEO of Ardian France.