A new data center campus is slated for development in Finland’s MORE Industrial Park, following a joint venture agreement between Magnora ASA and the Northern Europe Energy Group (NEEG). Originally initiated by NEEG in 2025, the project is now 70% owned by Magnora, with NEEG retaining a 30% stake. The development encompasses 149,795 square meters (1.61 million sq ft) of secured land across three business plots in Hämeenlinna.
The project is led by a "Nordic ownership group" that includes prominent figures such as Tor Arne Pedersen, who is also connected to the Baltic General Power Company SIA (BGPC). The group’s primary objective is to create a high-density, AI-ready complex powered by renewable energy and featuring waste-heat recovery. To bring this vision to life, the partners are actively seeking an experienced third-party operator to manage the technical and operational aspects of the campus, which is expected to reach the "Ready-to-Build" stage by late 2026.
| Distance | Site | About |
|---|---|---|
| 0.00 miles | Magnora: Hämeenlinna Expansion | |
| 0.23 miles | Northern Europe Energy: Hämeenlinna Campus |
A new data center campus is slated for development in Finland’s MORE Industrial Park, following a joint venture agreement between Magnora ASA and the Northern Europe Energy Group (NEEG).
|
| 3.53 miles | Winda Energy: Rastikangas, Janakkala |
Winda Energy and Gi21 Capital are developing a data center campus in the Rastikangas industrial zone in Janakkala, Finland.
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Magnora ASA (OSE: MGN) is a developer of data center, wind, solar, and battery projects, as well as an operator of a data center. The Group has operations in Europe and Africa through the portfolio companies Magnora Data Center AB, Storespeed AS, Hafslund Magnora Sol AS, Magnora Offshore Wind AS, Magnora Germany, Magnora Italy Srl, Magnora Solar PV UK, Magnora South Africa, and AGV.
Magnora also has earnout revenues related to the former portfolio companies Helios Nordic Energy and Evolar.
Magnora is listed on the main list of the Oslo Stock Exchange under the ticker MGN.
May 18, 2026 Magnora
Norwegian renewables and data center developer Magnora ASA has secured land for a new 30 MW data center project in the Milan area, the company announced on Monday. The wholly owned project is Magnora's second in Italy and brings its data center development portfolio to 585 MW gross and 460 MW...
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