Khazna Data Centers and Eni Partner for 500 MW AI Data Center Campus in Italy
Khazna Data Centers, a global hyperscale digital infrastructure provider, and Eni, an Italian energy company, have signed a Head of Terms (HoT) to establish a Joint Venture. The partnership aims to develop an AI Data Center Campus with a total IT capacity of 500 MW in Ferrera Erbognone, Lombardy, near Milan.
The HoT was signed in Rome during an event attended by Her Excellency Reem Al Hashimy, UAE Minister of State for International Cooperation, senior UAE officials, and Adolfo Urso, Italy’s Minister of Enterprises and Made in Italy. Hassan Alnaqbi, CEO of Khazna Data Centers, and Guido Brusco, COO Global Natural Resources of Eni, signed the agreement.
This initiative combines Khazna’s expertise in data center design and operations with Eni’s focus on sustainable energy, aiming to create a resilient AI ecosystem in Europe. The Data Center Campus will be powered by “Blue Power” from Eni, which is described as a low-carbon electricity source generated by a new high-efficiency Combined Cycle Gas Turbine (CCGT) Power Plant designed to capture CO2 emissions. This is intended to create a synergy between decarbonized energy and data center design in Italy.
This project marks the initial phase of a broader program to install up to 1 GW of IT capacity in Italy. This program stems from a Letter of Intent signed during UAE President His Highness Sheikh Mohamed bin Zayed Al Nahyan’s state visit to Italy in February 2025, which outlined a shared commitment between the UAE and Italy to collaborate on artificial intelligence, energy transition, and digital infrastructure.
The HoT signifies progress for the project, with Khazna appointed as Eni’s main partner to design and develop a phased master plan for the 500 MW IT capacity. The Milan AI Data Center Campus will be purpose-built for high-density AI and high-performance computing workloads, designed to provide scalable, energy-efficient infrastructure.
Hassan Alnaqbi stated, “We’re proud to partner with Eni, a demonstrated energy leader, on this HoT, which represents a defining step in Khazna’s European expansion. Together with Eni, we are enabling the infrastructure needed for exponential AI growth—delivering the scale, sustainability, and operational precision that next-generation compute demands”.
Guido Brusco added, “Through this partnership, Eni and Khazna are jointly contributing to delivering a world-class hyperscale infrastructure, strategic for Italy and Europe, providing their distinctive capabilities in innovation, energy sustainability and rapid time-to-market”.
The HoT also defines the key principles, roles, and governance structures for a dedicated Joint Venture Company between Eni and Khazna, which will facilitate the delivery of this project.
