No Result
View All Result
SUBMIT YOUR ARTICLES
  • Login
Saturday, March 7, 2026
TheAdviserMagazine.com
  • Home
  • Financial Planning
    • Financial Planning
    • Personal Finance
  • Market Research
    • Business
    • Investing
    • Money
    • Economy
    • Markets
    • Stocks
    • Trading
  • 401k Plans
  • College
  • IRS & Taxes
  • Estate Plans
  • Social Security
  • Medicare
  • Legal
  • Home
  • Financial Planning
    • Financial Planning
    • Personal Finance
  • Market Research
    • Business
    • Investing
    • Money
    • Economy
    • Markets
    • Stocks
    • Trading
  • 401k Plans
  • College
  • IRS & Taxes
  • Estate Plans
  • Social Security
  • Medicare
  • Legal
No Result
View All Result
TheAdviserMagazine.com
No Result
View All Result
Home Market Research Business

Israel’s ADC to build Albania’s first data center

by TheAdviserMagazine
1 month ago
in Business
Reading Time: 3 mins read
A A
Israel’s ADC to build Albania’s first data center
Share on FacebookShare on TwitterShare on LInkedIn


Following the closer relations between Israel and Albania, Israeli company ADC has been selected to build the first data center in the country. The project, which will be built in a free trade zone near the capital Tirana, will cost an estimated €100 million. The facility will be based on Nvidia’s Robin graphics processors and will provide 32 megawatts, with the potential to expand to 100 megawatts.

ADC is jointly owned by Happy Technologies (80%) – a cyber and computing company owned by Roi Shaposhnik, Noam Frank, Shlomi Avni and Itai Melchior; and by data centers consulting company DIT (20%), headed by experts Zvika Friedman, Nir Poltorak and Dan Carmi.

Permit within 60 days and green electricity

As a government project in a NATO member state and candidate for EU membership, the venture will benefit from exceptional terms for Israeli companies. The building permit was granted to the company within just 60 days, and the facility is being built on 4.5 acres of government land (with an option for an additional 3.25 acres) in the TEDA free trade zone, which is under construction west of Tirana.

In addition, the communications and electricity infrastructure has been laid in advance, and the local electric company is building a dedicated substation on the site. The Albanian National Electricity Company will provide a green electricity facility from a hydroelectric source.

On the financing front, ADC has secured a line of credit from the European Bank for Reconstruction and Development (EBRD) for 75% of the project cost.

Even before construction has been completed, the data center has secured three major clients: Albanian technology company Infosoft, a German storage company, and an Albanian government client whose identity remains confidential.

The data center’s entrepreneurs see European and American customers looking for AI processing centers powered by green electricity as a key growth potential for the expansion phase as well. Data centers in Europe are a replacement for those in the US, which suffers from a bottleneck in the development of data centers and power plants.

A president who opposes Hamas

Israel and Albania have drawn significantly closer in the past two years, in particular after an Iranian cyberattack on Tirana in 2022, following which the country began to use Israeli cybersecurity technologies to protect government and private organizations.





RELATED ARTICLES




Data centers boom revives renewable energy stocks


Ormat signs $200m data centers deal


Azrieli jumps on €1b Norwegian data centers deal






During the war, relations between the countries experienced another significant warming, and Albania stood out as one of Israel’s closest friends in Europe. Albanian Prime Minister Edi Rama visited Israel at the height of the fighting, and in his speech at the UN he denounced Hamas and wore the yellow pin for release of the hostages. A month after the signing of the Gaza ceasefire agreement, Elbit Systems signed a contract to supply artillery systems and drones to the Albanian army.

Published by Globes, Israel business news – en.globes.co.il – on February 3, 2026.

© Copyright of Globes Publisher Itonut (1983) Ltd., 2026.




Source link

Tags: ADCAlbaniasBuildCenterdataIsraels
ShareTweetShare
Previous Post

7 Deeply Oversold Stocks Entering February With Rebound Potential

Next Post

Episode 246. “We’re drowning in debt, but bought another house”

Related Posts

edit post
Women account for only 5% of CEOs in India’s listed companies: Primeinfobase report

Women account for only 5% of CEOs in India’s listed companies: Primeinfobase report

by TheAdviserMagazine
March 7, 2026
0

Women continue to remain underrepresented at the top levels of Corporate India despite gradual progress in boardroom diversity, according to...

edit post
Starting late in mutual funds? Expert shares a Rs 40,000 SIP portfolio strategy for a 50-year-old

Starting late in mutual funds? Expert shares a Rs 40,000 SIP portfolio strategy for a 50-year-old

by TheAdviserMagazine
March 7, 2026
0

Many investors begin thinking seriously about mutual fund investments later in their careers as they look to grow their savings...

edit post
Rupee likely to trade below 92/$ in case of long war: BoB

Rupee likely to trade below 92/$ in case of long war: BoB

by TheAdviserMagazine
March 6, 2026
0

Mumbai: The Indian rupee could trade firmly below '92 per dollar if the US-Israel war on Iran is prolonged. Rising...

edit post
Nobel laureate Joe Stiglitz says not only can AI take your job, it’ll make the ‘tech bro’ class richer while doing so

Nobel laureate Joe Stiglitz says not only can AI take your job, it’ll make the ‘tech bro’ class richer while doing so

by TheAdviserMagazine
March 6, 2026
0

As professor Joseph Stiglitz sees it, AI is not just another technology wave—it’s a force that can erode jobs and...

edit post
Palmer Luckey says Silicon Valley has the Pentagon all wrong: ‘This is in the hands of the people’

Palmer Luckey says Silicon Valley has the Pentagon all wrong: ‘This is in the hands of the people’

by TheAdviserMagazine
March 6, 2026
0

Who should control AI? Are the corporations that release the powerful technology the arbiters of its fate? Or should that...

edit post
OpenAI investor Vinod Khosla believes AI will be able to do 80% of all jobs by 2030. Here’s how life could be affordable after mass unemployment

OpenAI investor Vinod Khosla believes AI will be able to do 80% of all jobs by 2030. Here’s how life could be affordable after mass unemployment

by TheAdviserMagazine
March 6, 2026
0

Vinod Khosla has been thinking about artificial intelligence longer than most, and betting on it longer than almost anyone. The...

Next Post
edit post
Episode 246. “We’re drowning in debt, but bought another house”

Episode 246. “We’re drowning in debt, but bought another house”

edit post
AI in Research Series: Where we are and where it actually works (or not)

AI in Research Series: Where we are and where it actually works (or not)

  • Trending
  • Comments
  • Latest
edit post
Foreclosure Starts are Up 19%—These Counties are Seeing the Highest Distress

Foreclosure Starts are Up 19%—These Counties are Seeing the Highest Distress

February 24, 2026
edit post
North Carolina Updates How Wills Can Be Stored

North Carolina Updates How Wills Can Be Stored

February 10, 2026
edit post
Gasoline-starved California is turning to fuel from the Bahamas

Gasoline-starved California is turning to fuel from the Bahamas

February 15, 2026
edit post
Where Is My 2025 Oregon State Tax Refund

Where Is My 2025 Oregon State Tax Refund

February 13, 2026
edit post
7 States Reporting a Surge in Norovirus Cases

7 States Reporting a Surge in Norovirus Cases

February 22, 2026
edit post
2025 Delaware State Tax Refund – DE Tax Brackets

2025 Delaware State Tax Refund – DE Tax Brackets

February 16, 2026
edit post
Now is the Time to Book Summer Flights, as Uncertainty Could Raise Prices

Now is the Time to Book Summer Flights, as Uncertainty Could Raise Prices

0
edit post
Women account for only 5% of CEOs in India’s listed companies: Primeinfobase report

Women account for only 5% of CEOs in India’s listed companies: Primeinfobase report

0
edit post
How to Turn Your Real-Life Experiences Into Your Best Interview Asset

How to Turn Your Real-Life Experiences Into Your Best Interview Asset

0
edit post
February was the biggest month in venture history, thanks to OpenAI, Anthropic, and Waymo

February was the biggest month in venture history, thanks to OpenAI, Anthropic, and Waymo

0
edit post
Fed Governor Miran says job losses in February add to the case for more interest rate cuts

Fed Governor Miran says job losses in February add to the case for more interest rate cuts

0
edit post
February 2026 jobs report:

February 2026 jobs report:

0
edit post
Women account for only 5% of CEOs in India’s listed companies: Primeinfobase report

Women account for only 5% of CEOs in India’s listed companies: Primeinfobase report

March 7, 2026
edit post
If you’re over 65 and still cook full meals from scratch regularly, psychology says you display these 7 traits most people have quietly abandoned

If you’re over 65 and still cook full meals from scratch regularly, psychology says you display these 7 traits most people have quietly abandoned

March 7, 2026
edit post
Starting late in mutual funds? Expert shares a Rs 40,000 SIP portfolio strategy for a 50-year-old

Starting late in mutual funds? Expert shares a Rs 40,000 SIP portfolio strategy for a 50-year-old

March 7, 2026
edit post
Rupee likely to trade below 92/$ in case of long war: BoB

Rupee likely to trade below 92/$ in case of long war: BoB

March 6, 2026
edit post
XRP’s 60% Valuation Reset Meets a Record Low in Exchange Liquidity

XRP’s 60% Valuation Reset Meets a Record Low in Exchange Liquidity

March 6, 2026
edit post
Psychology says if you still feel guilty spending money on yourself even when you can afford it, you display these 8 deeply ingrained traits

Psychology says if you still feel guilty spending money on yourself even when you can afford it, you display these 8 deeply ingrained traits

March 6, 2026
The Adviser Magazine

The first and only national digital and print magazine that connects individuals, families, and businesses to Fee-Only financial advisers, accountants, attorneys and college guidance counselors.

CATEGORIES

  • 401k Plans
  • Business
  • College
  • Cryptocurrency
  • Economy
  • Estate Plans
  • Financial Planning
  • Investing
  • IRS & Taxes
  • Legal
  • Market Analysis
  • Markets
  • Medicare
  • Money
  • Personal Finance
  • Social Security
  • Startups
  • Stock Market
  • Trading

LATEST UPDATES

  • Women account for only 5% of CEOs in India’s listed companies: Primeinfobase report
  • If you’re over 65 and still cook full meals from scratch regularly, psychology says you display these 7 traits most people have quietly abandoned
  • Starting late in mutual funds? Expert shares a Rs 40,000 SIP portfolio strategy for a 50-year-old
  • Our Great Privacy Policy
  • Terms of Use, Legal Notices & Disclosures
  • Contact us
  • About Us

© Copyright 2024 All Rights Reserved
See articles for original source and related links to external sites.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
No Result
View All Result
  • Home
  • Financial Planning
    • Financial Planning
    • Personal Finance
  • Market Research
    • Business
    • Investing
    • Money
    • Economy
    • Markets
    • Stocks
    • Trading
  • 401k Plans
  • College
  • IRS & Taxes
  • Estate Plans
  • Social Security
  • Medicare
  • Legal

© Copyright 2024 All Rights Reserved
See articles for original source and related links to external sites.