GreenScale €2.5bn Norway Acquisition to Drive Sustainability
GreenScale has acquired Tonstad DataPark in a deal that will create Norway’s largest data centre development.
The 420,000 square metre site in Sirdal municipality, West Agder County, provides 300MVA of grid capacity approved by Glitre Nett and Statnett. Notably, the campus will consist of four data centres with an expected investment exceeding €2.5 billion (US$2.84bn).
First capacity is targeted for 2027, with the facility designed to support HPC, hyperscale, cloud and AI workloads.
“After five years in development, we are delighted that GreenScale is realising the exciting vision for Tonstad DataPark,” says Tore Knapskog, CEO of Tonstad DataPark.
“We chose to work with DTCP and GreenScale as they gave us complete confidence in being able to deliver – from securing the power, the land and ultimately building a sustainable data centre campus.”
About the location
Tonstad DataPark sits within a region that generates wholesale green energy from Norway’s national production system, which derives power from almost 100% renewable sources through hydropower and wind generation.
What’s unique about the location is that it offers customers access to competitive energy costs whilst also supporting grid stability requirements.
“The Tonstad DataPark acquisition follows over a year of collaboration with Tore and his team to secure a significant amount of grid capacity and land within this well-established data centre market,” says Zahl Limbuwala, Operating Partner at DTCP.
“Tonstad DataPark's campus location follows DTCP's original investment thesis behind GreenScale, being the establishment of large-scale campus development with long-term access to renewable energy generation situated next to existing highly resilient transmission grid infrastructure.”
GreenScale is a sustainable data centre platform that continues to pledge support to the advanced digital infrastructure of hyperscale, cloud, NeoCloud and AI customers.
The organisation has strong financial backing through DTCP Capital, one of Europe’s leading infrastructure investors. Notably, GreenScale is celebrated for its ability to design, build and operate scalable and sustainable data centre platforms, as it seeks to provide for advanced digital infrastructure clients.
Strategically placed in the heart of Europe’s expanding data centre market, GreenScale’s facilities are designed to positively contribute to energy ecosystems. As a result, the company hopes to make a positive impact on communities and bolstering economic growth.
Targeting renewable energy for hyperscale and AI workloads
The acquisition represents GreenScale’s strategy to develop facilities that utilise renewable energy sources for hyperscale and AI-ready data centres.
The company operates as both developer and operator for the campus, focusing on sustainable design and land use practices.
“This latest chapter in our short but remarkable story is a big step forward for us and the viability of using alternative or renewable energy sources for hyperscale and AI-ready data centres as a whole, while bringing a new 300MVA campus to the market in a very well developed region for customers in Europe,” explains Dan Thomas, CEO at GreenScale.
The facility’s development prioritises network, compute and high-density workload requirements within a region that provides energy stability and renewable power sources. This aims to emphasise the importance of sustainable economic development alongside the technical capabilities of a data centre.
DTCP’s involvement in the acquisition follows the investment firm’s original thesis behind GreenScale, which focuses on large-scale campus development with renewable energy access and transmission grid infrastructure.
The transaction is currently subject to final customary closing conditions.
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