The Barracuda project will become a reality. Valencia Digital Port Connect (VDPC) has announced a €100 million investment to create a new submarine cable between Spain and Italy.
VDPC is taking this step in partnership with Teset Capital, an independent fund manager with assets in the Eurozone. Together, they will deploy 1,070 km of submarine fiber optic cable connecting Valencia with Genoa, featuring 12 fiber pairs of 32 Tbps per fiber pair. “A cutting-edge initiative that will transform Valencia into a critical connectivity hub in the Mediterranean and Iberian regions,” Teset Capital stated on its LinkedIn profile.
This project combines a submarine telecommunications infrastructure, a cable landing station (CLS), and a high-capacity edge data center. The infrastructure will include a neutral and high-capacity data center, initially equipped with 1.5 MW of electrical power and a PUE of less than 1.25. The center will feature a sustainable and scalable design, incorporating a 250 kWp solar plant. These features will enable the center to meet standards similar to Tier IV certification, the highest classification level in availability and redundancy.
The Barracuda Project will also include a terrestrial fiber interconnection linking Valencia with Madrid and Lisbon, as well as connecting Genoa with Milan.
With a 30-year business horizon, the Barracuda Project will generate revenue through long-term contracts based on connectivity solutions, marketed through the sale of fiber pairs, wavelengths, and data center services.
The customers benefiting from this advanced digital infrastructure will span a wide range of economic sectors, including both local and international companies.
José Arango, a partner at Teset Capital, commented: “Through this strategic investment, Teset Capital reaffirms its commitment to developing cutting-edge and sustainable telecommunications infrastructure. This is especially important at a time when the growing expansion of cloud services, artificial intelligence, and 5G network deployment increasingly demand high-speed, low-latency data transmission.”
Enrique Martín Gullón, CEO of Valencia Digital Port Connect, stated: “The Barracuda Project will strengthen the region’s digital infrastructure, boost the local economy, and provide high-speed connectivity to businesses and institutions. We are responding to the demands of a world increasingly centered on data, and we trust that it will have a positive impact on Valencia’s necessary economic recovery following the consequences of storm DANA.”
The project is expected to be operational by early 2028. The construction of this infrastructure will establish Valencia as a key connectivity hub in the Mediterranean and Iberian regions, as well as a strategic node in Europe’s low-latency digital corridors.
