Data Center News

Polar DC Secures €800 Million Senior Secured Bond for Norway Data Center Project

Nordic AI data center developer Polar DC has raised an €800 million ($932.2 million) senior secured bond in the Nordic bond market.The company, which is owned by alternative investment firm H.I.G. Capital, plans to use the proceeds to refinance existing debt tied to its first data center in Dr...

June 01, 2026

Polar DC

Østfold Energi Eyes Data Centers South of Oslo

Another data center may be on the way in Norway. Østfold Energi is preparing sites in Sarpsborg and Våler in partnership with local municipalities, with Google likely to take the Våler location.“We have extensive experience with project development in collaboration with landowners, local commu...

March 17, 2026

Oslo

Three companies invest in combined $200m data center in Oslo

Norwegian telco Telenor, energy company Hafslund and investment fund HitecVision are building a data center in Oslo, Norway, via a newly formed joint venture, Skygard. These companies are to make a NOK 2.4 billion ($200m) joint investment in this data center which is already undergoing constru...

March 19, 2024

Oslo

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