Terranova invests $1.5bn in large-scale data centers

The large-scale data center market—the so-called “hyperscales” used for cloud computing and artificial intelligence (AI) services—is gaining a new competitor in Latin America. Terranova, a company owned by the British investment fund Actis, which belongs to U.S.-based General Atlantic, officially launched its operations on Tuesday (2) with a planned investment of $1.5 billion over three years.

In addition to Brazil, the company’s focus is on Chile and Mexico, the three main markets for major data centers in Latin America.

Entry into the sector was studied throughout 2025, CEO José Eduardo Quintella told Valor. “We are doing the work of securing land and energy in these locations,” he said.

In early 2026, Terranova will open its first data center in San Miguel de Allende, in the Querétaro region of Mexico. The project has a total capacity of 8 Megawatts (MW) and a total investment of roughly $90 million.

Terranova is also negotiating a site in Chile and a second one in Mexico, both “at very advanced stages,” the CEO said.

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