Magnora: Scale Averøya Expansion
Magnora: Scale Averøya Expansion holds the later planned phases of Magnora's Scale Averøya campus near Kristiansund, Norway.
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.
Magnora: Scale Averøya Expansion holds the later planned phases of Magnora's Scale Averøya campus near Kristiansund, Norway.
Magnora: Scale Averøya 1 is the planned first phase of Magnora's Scale Averøya campus at Averøy Industripark, near Kristiansund, Norway.
Magnora is developing Project Surnadal, a planned data center site in northwestern Norway positioned next to a major central-grid strong point.
Magnora and Blix are converting space inside Oslo's Nedre Rommen 5 property into a high-density AI data center.
Magnora secured industrial-zoned land near Milan for a new data center development, with grid studies underway and a potential sale milestone in 2027.
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).
October 22, 2026 Norway
Crusoe will take a second, larger building at Polar Data Centers' Tørdal campus in Norway. Polar announced the expansion on Oct. 21 (announcement). The new building, DRA02, will add 40MW of liquid-cooled critical IT capacity on hydroelectric power and is due online in late 2027. Crusoe plans to...
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October 21, 2026 Magnora
Magnora Data Center ASA has acquired an operating data center in Oslo from an international telecom operator, adding up to 2MW of IT load. The seller is not named, and financial terms were not disclosed. Magnora Data Center owns 75 percent of the facility, and Blix Group AS, the owner of...
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September 17, 2026 Magnora
European data center developer Magnora has acquired a 50 percent stake in the Risti Kampus data center project in Estonia through a joint venture with energy company Sunly AS. Located 60km south of Tallinn, the campus could deliver 180MW in its first phase and eventually reach 400MW. It will...
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September 08, 2026 Milan
UK infrastructure developer Greenfield and Finsbury Infrastructure plan to invest up to €360 million ($418m) to develop a 36MW data center east of Milan, Italy. Greenfield has already secured 80MW of power capacity for the site, which will support AI, cloud, and enterprise workloads while...
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August 31, 2026 Norway
AI data center developer Exascale Labs has partnered with energy storage firm EnergyBank to explore AI data centers powered by floating offshore wind and long-duration battery storage. Under a non-binding MoU, the companies will develop an initial pilot with Zephyros-One, a 2.3MW floating wind...
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August 11, 2026 Norway
European data center firm Magnora plans to develop a new facility in Oslo, Norway. Euronext Oslo-listed Magnora Data Center has formed a 50:50 joint venture with Blix Group AS and acquired a commercial property near Oslo for conversion into an AI data center. The site, formerly used by the...
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