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Home/Deal Room/atNorth lands Norway site for $1.1B first-phase AI-ready campus

Data centers · Evidence brief

atNorth lands Norway site for $1.1B first-phase AI-ready campus

atNorth + Haugaland Business Park + Statnett + Fagne + Equinix + CPP Investments

Near-primary sourcePress release only2026-06-04
Deal structureLand acquisition / phased sustainable data-center campus development
GeographyHaugaland Business Park, Tysvaer municipality, Rogaland, Norway
Infrastructure layersData centers + power infrastructure + cooling + cloud capacity
Disclosed scaleNOR01 planned on a 36-hectare Haugaland Business Park plot with 120 MW initial phases and ramp-up to 350 MW; Haugaland Naeringspark says atNorth aims to invest around NOK 11B / about $1.1B in the first phase

Why it matters

The strategic read

Adds a concrete Nordic powered-land receipt for high-density AI and HPC demand, backed by atNorth site control and grid-infrastructure planning rather than just market chatter. The campus sits inside a renewable-power industrial park, is designed for up to 1 MW rack densities, and depends on new Statnett and Fagne substations, making it a useful signal for how AI-capacity growth is moving into cool-climate, power-first European locations.

Source-supported terms

What was disclosed

  1. 01

    atNorth announced its expansion into Norway with the acquisition of land for NOR01, a planned data-center mega site in Haugaland Business Park.

  2. 02

    atNorth says NOR01 will be built on a 36-hectare plot and designed to launch with 120 MW initial capacity before scaling to 350 MW.

  3. 03

    DCD reported that Haugaland Naeringspark says atNorth aims to invest around NOK 11B / about $1.1B in the first phase.

  4. 04

    Power availability is projected for 2028, supported by two substations: one developed by Norwegian transmission system operator Statnett and one by regional grid provider Fagne.

  5. 05

    atNorth says the site will support high-density workloads and hyperscale deployments, with renewable power access, heat-reuse potential, resilient power infrastructure and strong connectivity.

  6. 06

    DCD reported that NOR01 is designed for closed-loop chilled-water and mechanical cooling systems, modular compressors with free-cooling capability, and rack densities of up to 1 MW.

  7. 07

    atNorth was recently acquired by Equinix and the Canada Pension Plan Investment Board in a $4.2B deal, giving the expansion a larger strategic-infrastructure ownership context.

Disclosure boundary

What is known—and what is not

atNorth primary site/press materials and DCD near-primary reporting. Public details disclose the land acquisition, site name, location, planned MW scale, first-phase investment estimate, power-availability timing and grid-infrastructure counterparties. Tenant/customer leases, final capex, power-service agreement terms, interconnection filings, EPC contracts, cooling-vendor awards, networking providers, permits and construction timeline are not fully public.