Press And Media

Datacentrepricing finds that Data Centres in the Nordic Region continue to attract investment due to commitment to low-cost renewable energy

Published: Sun 10 April 2022

DCP (Datacentrepricing), specialists in Data Centre and Cloud research, has published a new updated report into the Nordic Data Centre and Cloud markets.

The Data Centre Nordics 2022 to 2026 report analyses the Denmark, Finland, Iceland, Norway and Sweden third-party Data Centre and Cloud markets over the period – and finds that the region has received new investment from international investors attracted by the potential for growth in low-cost power & renewable energy locations.


Datacentrepricing's Data Centre Nordics 2022 to 2026 report provides an update of the Data Centre Landscape in each market including subsea cable connectivity, Data Centre space, Data Centre power, Data Centre pricing and Data Centre revenues for each country over the period. It also provides a forecast for Public Cloud revenues in each of the five countries.     


From the report, Datacentrepricing finds that the Nordic Region is dominated by the Swedish and Norwegian markets – which each have around 120,000 m2 of third-party Data Centre raised floor space – but with power of over 187 MW and 222 MW of power.


Norway and Sweden benefit from an abundance of low-cost renewable power with a wide range of Data Centres, ranging from HPC (High Performance Computing) facilities to wholesale campus facilities and colocation services.


The Nordics Region is attracting a series of inward investors. In Iceland atNorth and Verne Global, the two largest Icelandic Data Centre Providers have been acquired by Partners Group and D9 Infrastructure respectively with both companies announcing expansion plans. In Norway wholesale Data Centre Provider Green Mountain has been acquired by Israeli property company Azrieli for USD $850 million and DigiPlex has been purchased by private equity fund IPI Partners, who have rebranded DigiPlex as STACK Infrastructure in March 2022.


The boom in Data Centre A&M activity in the Nordics Region reflects the high potential for future growth, as the Data Centre Providers switch from their domestic market to other markets, with atNorth developing their first non-Icelandic facility in Sweden - with plans for another facility with 50 MW of power in another undisclosed location underlying the next phase for the Nordic Data Centre - international expansion.   


The recent announcement of a new Data Centre facility development at the Falun campus of EcoDataCenter in central Sweden shows the unique characteristics of renewable Data Centres – based on a net zero carbon footprint using renewable power and connectivity to a municipal heating network.   


With the emphasis on low-cost renewable energy and the ability to significantly lower the Data Centre carbon footprint by deploying applications in the Nordics, DCP finds that there is the opportunity for the Nordic Region to continue to expand its market reach and challenge the established Tier 1 European markets based on the most favourable energy costs in Europe.



About DCP (– DCP provides research and consultancy for the Data Centre industry worldwide. DCP provides a range of subscription research services and once off reports, including the UK-DC Trends Tracker & the Euro-DC Trends Tracker and has published reports on the Data Centre markets in Africa, the Middle East, China, the Asia Pacific & developing markets worldwide. DCP has created a unique database of 3rd party Data Centres which include 1,200 Data Centre Providers & 3,000 Data Centre facilities in 54 countries worldwide. Further information on DCP can be found on the DCP website at: 

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