The project is also backed by the Romanian State, through a state aid scheme aimed at stimulating investments with major impact on the economy.
PCF Investment Banking acted as exclusive financial advisor of Cluster Power in structuring, negotiating and implementing the financing facility.
The data center will include buildings that will host computer servers and an own electric power plant.
At mid-October 2021, ClusterPower announced the start of works on a new technology campus which will cover over 25,000 square meters and will be located in Mischii (Dolj County), near the town of Craiova (southern Romania).