Data Center Investment News — 22/03/2024
New Nordic JV to Build $230M Data Centre in Oslo
A joint venture in the Nordics announces plans to invest $230 million in constructing a state-of-the-art data centre in Oslo. This initiative reflects the region’s growing importance in the digital infrastructure landscape.
Jannicke Hilland, Chair of the Board of Skygard and Executive Vice President for Infrastructure at Telenor, said: ” Skygard aims to be a Norwegian alternative in an international industry. We are proud to be making an investment that will ensure that Norway gets much-needed data centres emphasising security and sustainability. We have great ambitions for Skygard and the timing is highly appropriate: the current geopolitical situation increases the need for secure solutions, whilst we simultaneously see an increasingly pressured market when it comes to capacity.”
The data centre aims to meet the increasing demand for reliable and efficient data storage and processing facilities in Norway and beyond. The investment underscores the commitment to fostering digital innovation and economic development in the region.
Ardian Initiates $1.2Bn Funding Strategy for Expansion of Verne Data Centre Platform
Ardian, a global investment firm, launches a $1.2 billion funding strategy to support the expansion of the Verne Data Centre Platform. This significant investment underscores confidence in the data centre industry’s growth potential.
Gonzague Bautry, managing director – digital infrastructure, Ardian, said: “Having identified the company through our systemic matrix sourcing approach, looking through both a digital infrastructure and country specific lens, we identified Verne as a truly green data centre compared with its peers globally. This investment is fully aligned with our approach at Ardian of investing into platforms and delivering strong returns through major industrial strategy backed by an accelerated capex plan.
“Ardian will support Verne’s top tier management team to match the incredible and fascinating customer AI-driven demand. With this investment, Ardian Infrastructure is now exposed to the whole digital infrastructure value chain capitalising on global digitalisation trends.”.
The funding will enable Verne to enhance its infrastructure and expand its presence in key markets, catering to the increasing demand for data storage and processing services worldwide.
EdgeCore Digital Infrastructure Secures $440M Debt Financing for Silicon Valley Campus Expansion
EdgeCore Digital Infrastructure, a leading provider of data centre solutions, secures $440 million in debt financing to support the expansion of its Silicon Valley campus.
Julie Brewer, EVP of Finance, EdgeCore Digital Infrastructure, said: “Continuing the pace of rapid growth and development EdgeCore established in 2023, we leveraged the template set by our debt financing announced in January to quickly close the US$440 million transaction being reported today.
“This funding will be put to immediate use in our Silicon Valley market to meet the critical capacity needs of hyperscale customers searching for single tenant data centers built to accommodate high-density space and power requirements.”
The financing will facilitate the development of state-of-the-art data centre facilities to meet the growing demand for cloud services, digital content, and enterprise applications. The expansion reflects EdgeCore’s commitment to providing scalable and reliable data centre solutions to its customers.
Oracle Announces $10Bn Investment in Massive Data Centres Capable of Accommodating 8 Airplanes
Oracle unveils plans for a $10 billion investment in developing massive data centres designed to accommodate the equivalent of eight airplanes. As a result, Oracle’s chairman and chief technology officer Larry Ellison said the company is building some of the world’s largest centres. “We are building an AI data centre in the United States, where you could park eight Boeing 747s nose to tail in that one data centre,” Ellison told investors on a call on Monday. According to Oracle CEO, Safra Catz, the company is in the midst of a “hypergrowth phase”.
The CEO further stated that despite the company’s efforts to inaugurate new data centres and expand existing ones at a rapid pace, the demand for its services continues to outstrip supply. This ambitious initiative underscores Oracle’s commitment to expanding its cloud infrastructure and supporting the growing demand for cloud services globally. The investment will enable Oracle to enhance its data centre capabilities and deliver high-performance, scalable, and secure cloud solutions to its customers.
Meta to Open $800M Data Center in Rosemount, Minnesota
Meta announces plans to open an $800 million data centre in Rosemount, Minnesota. This significant investment reflects Meta’s commitment to expanding its digital infrastructure to support its growing user base and the increasing demand for online services.
The new data center will support around 100 operational jobs and at least 1,000 skilled trade jobs at peak construction, the office of Governor Tim Walz claimed. “Minnesota is excited to welcome Meta to Rosemount – a win for our state that will bring dozens of jobs and invigorate the local economy,” Walz said.
The data centre will leverage advanced technologies to deliver high-performance, reliable, and energy-efficient cloud services to users across the region.
96MW Data Center Campus Proposed in Tyrone, Georgia
Plans have been unveiled for the development of a massive 96-megawatt (MW data center campus in Tyrone, Georgia. This ambitious project underscores the growing demand for data center infrastructure in the region as companies seek to bolster their digital capabilities.
The site would be home to ‘Project Rita’, a proposed development of two one-story data center buildings totaling 490,000 square feet (45,520 sqm), and an on-site substation. The campus would total 96MW. Tyrone staff have recommended approval of the request with conditions.
The proposed campus aims to provide cutting-edge facilities to meet the evolving needs of cloud providers, enterprises, and other organizations requiring robust data storage and processing solutions.
Mercury Delivers Frankfurt Data Center to Global Switch
Mercury, a leading provider of digital infrastructure solutions, has successfully delivered a state-of-the-art data center facility to Global Switch in Frankfurt, Germany.
Frankfurt North adds 14MVA of utility power supply capacity to Global Switch’s Frankfurt campus. The initial phase, in 2019, saw the build of an 11,860 sqm (128,000 sq ft) data center located adjacent to the existing Global Switch data center, Frankfurt South. The campus now totals more than 29,550 sqm (319,000 sq ft).
The completion of this project marks a significant milestone in Global Switch’s expansion strategy and reinforces its position as a key player in the European data center market. The new facility is equipped with advanced technologies to deliver high-performance and resilient data services to customers across the region.
384MW Data Center Campus Proposed in North Lincolnshire, UK
Plans have been announced for the development of a massive 384-megawatt (MW data center campus in North Lincolnshire, UK. This ambitious project underscores the region’s emergence as a hub for data center development, driven by increasing demand for digital infrastructure and cloud services.
The site would look to include a ‘horticultural glass house’ heated by the data center. Construction is expected to take three years. The project is known as the Humber Technology Park, and is being proposed by Humber Tech Park Ltd. Little information is available about the company, but one of the directors listed on Companies House is affiliated with developer Greystroke Land.
The proposed campus aims to leverage cutting-edge technologies to deliver scalable and reliable data center solutions to meet the needs of diverse industries and businesses.
Goodman Group Breaks Ground on 50MW Data Center in Tsuen Wan
Goodman Group, a leading global property developer, has broken ground on a new 50-megawatt (MW) data center in Tsuen Wan, Hong Kong.
The Good Man Texaco Data Center in Tsuen Wan stands out with its pragmatic specifications, designed to meet the rigorous demands of contemporary digital infrastructure. Spanning a gross area of 381,722 square feet, inclusive of the roof area, and offering a typical floor plate size of 20,861 square feet, the facility provides ample space for critical operations.
This significant investment reflects Goodman Group’s commitment to expanding its presence in the data center market and meeting the growing demand for digital infrastructure in the region. The new facility will be equipped with state-of-the-art technologies to deliver reliable and efficient data services to customers across industries.