British investment fund Actis plans to set up a data center campus in Praia Grande, a coastal city in the Brazilian state of São Paulo, BNamericas newspaper has reported.

According to the business platform's research, the project would be the first for Terra Nova, a new data center company founded by Actis in the country focused on hyperscale facilities.

Praia Grande is strategically located due to its proximity to the main submarine telecommunications cables connecting Brazil to North America and Europe.

This type of infrastructure is essential to respond to the growing demand for connectivity and data storage services in the region, driven by the increased use of AI, cloud computing, and big data.

Actis has highlighted that its expansion into the data center sector in Latin America is in response to the digital infrastructure gap in the region, which the fund says has approximately 15 times less data center capacity per capita than the US.

The investment fund has 11 data centers in six countries on the continent through its NextStream subsidiary, the data center group Actis acquired from Asterion in 2023. The facilities are located in the US (Florida), Mexico, Peru, Chile, Argentina, and Brazil.

NextStream's operations will remain focused on colocation and traditional enterprise data center services, with Terra Nova looking towards hyperscale customers.

Although specific details about the investment and capacity of the Praia Grande project have not yet been disclosed, the initiative fits with Actis' strategy to expand its presence in Latin America.

Actis is yet to comment on the news.

This article was automatically translated from DCD's Spanish site and edited by a member of DCD's editorial staff.