x
Breaking News
0

Irish court gives $1 billion Apple data center green light

TechnologyOct 12, 2017 08:06AM ET
Saved. See Saved Items.
This article has already been saved in your Saved Items
 
© Reuters. Two new iPhone 8's are placed out during a sale at the 5th Avenue Apple store in New York

By Padraic Halpin

DUBLIN (Reuters) - Apple (NASDAQ:AAPL) may proceed to build a 850 million euro ($1 billion) data center in Ireland, the High Court ruled on Thursday, bringing relief for the government after a two-year planning delay which it feared could hurt its reputation with investors.

Apple in February 2015 announced plans to build the data center in a rural location in the west of Ireland to take advantage of rich green energy sources nearby.

Planning permission was granted by the local council six months later, but a series of appeals blocked Apple from beginning work.

High Court judge Paul McDermott on Thursday dismissed two separate appeals against the planning permission, clearing the way for the project to proceed.

Ireland relies on foreign multinational companies for the creation of one in every 10 jobs across the economy and sees major investments such as data centers as a means of securing their presence in the country.

A similar Apple center announced at the same time in Denmark is due to begin operations later this year and Apple has announced it will build a second data center there.

Irish Prime Minister Leo Varadkar met Apple executives last month and said they had made clear their frustration with the planning and judicial delays and warned the process would color decisions that they might make about future investments.

The government has said it is considering amending its planning laws to include data centers as strategic infrastructure, thus allowing them to get through the planning process much more quickly.

It has said it will be one of the biggest capital investment projects in the west of Ireland, providing 300 construction jobs and 150 on-site permanent jobs.

Irish court gives $1 billion Apple data center green light
 

Add a Comment

Comment Guidelines

We encourage you to use comments to engage with users, share your perspective and ask questions of authors and each other. However, in order to maintain the high level of discourse we’ve all come to value and expect, please keep the following criteria in mind: 

  • Enrich the conversation
  • Stay focused and on track. Only post material that’s relevant to the topic being discussed.
  • Be respectful. Even negative opinions can be framed positively and diplomatically.
  •  Use standard writing style. Include punctuation and upper and lower cases.
  • NOTE: Spam and/or promotional messages and links within a comment will be removed
  • Avoid profanity, slander or personal attacks directed at an author or another user.
  • Don’t Monopolize the Conversation. We appreciate passion and conviction, but we also believe strongly in giving everyone a chance to air their thoughts. Therefore, in addition to civil interaction, we expect commenters to offer their opinions succinctly and thoughtfully, but not so repeatedly that others are annoyed or offended. If we receive complaints about individuals who take over a thread or forum, we reserve the right to ban them from the site, without recourse.
  • Only English comments will be allowed.

Perpetrators of spam or abuse will be deleted from the site and prohibited from future registration at Investing.com’s discretion.

 
Are you sure you want to delete this chart?
 
Write your thoughts here
 
Replace the attached chart with a new chart ?
Post
Post also to:
1000
Your ability to comment is currently suspended due to negative user reports. Your status will be reviewed by our moderators.
Please wait a minute before you try to comment again.
Thanks for your comment. Please note that all comments are pending until approved by our moderators. It may therefore take some time before it appears on our website.
 
Are you sure you want to delete this chart?
 
 
Replace the attached chart with a new chart ?
Post 1000
Your ability to comment is currently suspended due to negative user reports. Your status will be reviewed by our moderators.
Please wait a minute before you try to comment again.
 
 
 
Add Chart to Comment
Report this comment

I feel that this comment is:

Comment flagged

Thank You!

Your report has been sent to our moderators for review
Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.
Continue with Google
or
Sign up with Email