In a significant expansion of its digital infrastructure portfolio, Norwegian renewables investor Magnora has launched Magnora Scale Averøya, a data center project located in Kristiansund on Norway’s western coast. Developed in partnership with Averøy Industripark and industry veteran Tore Knapskog, the project will occupy a 120,000 sqm site designed to meet the surging demand for liquid-cooled, high-density capacity.
Magnora holds a 70% majority stake in the venture, leveraging its background in renewable energy and its recent acquisition of developer Storespeed to position the Nordics as a primary hub for sustainable, large-scale data processing.
| Distance | Site | About |
|---|---|---|
| 0.00 miles | Magnora Expansion | |
| 15.75 miles | Troll Housing |
|
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.
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