3/11/2023 0 Comments Direct liquidation![]() ![]() That month, EirGrid called a halt to plans for up to 30 potential data centers, after the Commission for the Regulation of Utilities (CRU) kicked off a de facto moratorium on data centers when it announced in November that there should be limits to data center building until 2028, as the country could not build renewable capacity fast enough to meet other needs, including a commitment to decarbonize the grid, so that 80 percent of the nation's electricity must come from renewable sources by 2030. It is listed as having just €12,727 ($12,966) in total assets, as of the end of March. Insolvency documents on the Irish Companies Registration Office state that "the opinion of the directors that the company will be able to pay its debts in full within the period specified in the statuatory declaration solvency are not unreasonable." Those investors include Chirisa Capital Management and Dubai-based conglomerate DAMAC Group, the private investment arm of Dubai billionaire Hussain Sajwani. It also acquired a land parcel in Abbotstown for a greenfield 70MW+ data center and industrial campus development in Dublin, Ireland, in partnership with its investors. It hoped to turn a warehouse in the Willsborough Industrial Estate in the Clonshaugh Business and Technology Park into a data center, expanding a small Vodafone facility that existed at the site. ![]() "This was too much for the investors to take as we had spent a lot of money to get to the position for our applications to be refused, this was after 12 months waiting for an answer and with full technical approvals from Eirgrid."ĭataplex planned to develop brownfield projects involving retrofitting existing structures and larger greenfield projects, with a specific focus on hyperscale and wholesale colocation customers. Kilbane explained: "Unfortunately Dataplex Group has entered into voluntary liquidation, due to being refused power contracts from Eirgrid, the National Grid provider, for two projects in Dublin.
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