A datacentre company is hoping to build a renewables-powered facility in an area hit by the closure of a former US naval base.
Argyll Infrastructure Holdings (AIH) has engaged European Guarantee Services (EGS) in partnership with Luxembourg Fund Manager Ocorian AIFM to raise €2 billion.
The project will anchor the Killellan AI Growth Zone, a 184-acre green digital campus on the Cowal Peninsula.
It represents the first major development in Dunoon since the closure of the United States Navy submarine base at the Holy Loch and the shutdown of the McAlpines gas rig construction site at Ardyne Point – events that resulted in the loss of over 15,000 jobs in the area and devastating impacts on the local community.
AIH said it has raised an initial £15m with talks under way for a further £100m. No details of the funders have been released. If it gets off the ground the company says it will create 150 jobs within two years.
It is led by AIH managing director Peter Griffiths and local farmer Robert ‘Bert’ Mitchell.
Mr Griffiths, said: “By raising the initial capital and confirming the order for the purchase of the initial racks, AIH has established itself as the vanguard of AI adoption in Scotland.”
He has a partnership with California-based AI computing firm SambaNova.
AIH has approached Schneider Electric, Lenovo Systems, Suir Engineering, Taylor and Fraser, Corpower Ocean to consult on the project, and is working with Scottish Enterprise and Argyll and Bute Council.
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