With its cool climate, the highland region will reduce the need for artificial refrigeration, as well as cool the many computers used at the centre.
The 20,000 square foot facility would be Scotland's first green data centre, with the waste energy from the building being used to warm nearby neighbourhoods.
The cloud computing centre will give businesses access to applications and services over the internet, allowing employees to work from home as well as on-the-go. The resources will be available on a pay-as-you-go basis.
"Demand for premium data centre space continues to far outstrip available supply and the current economic downturn is driving a rapid shift towards 'cloud' based services, which offer greater economy and flexibility," project chairman Peter Swanson said. "Utility computing will revolutionise the way businesses use computers and seriously cut costs for many companies and public sector organisations."
Companies who took part in an 18-month test run in Dingwall saw an average cost savings of 28 per cent.
Alchemy Plus is preparing a planning application to be submitted in January of next year with hopes to have the centre running by the end of 2010. Chief executive Steve Chisholm stated that the centre could create 400 jobs.
Another green-powered data farm was announced to be built in Scotland earlier this year.
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