Aquila Capital, The Hamburg-based real asset specialist enters the data center market with a press release announcing the construction of a sustainable and energy-efficient colocation data centre close to Oslo, Norway.
Largest operator green run-of-river power plants in Norway
Since 2012, Aquila Capital has been developing sustainable, energy-efficient real estate and logistics projects in Europe with a total transaction volume of approximately €750 million. The data centre under development in Norway will be powered exclusively by renewable energy sources and will be highly energy and cost efficient. As the largest operator of environmentally friendly run-of-river power plants in Norway, Aquila Capital can offer data centre customers long-term, stable power purchase agreements, which provide additional planning security for more than ten years and stable long-term cash flows.
With this project, Aquila Capital draws on its extensive experience in planning and realising large-scale green logistics facilities, as well as on its expertise in the renewable energy market and the execution of long-term power purchase agreements (PPAs).
Green growth for investors
“The project fits seamlessly into the sustainable investment strategy of Aquila Capital: The global demand for new technologies based on energy-intensive IT applications is steadily increasing. As a result, more and more climate-damaging greenhouse gases are being emitted. With sustainable and above all energy-efficient data centres, we are making a significant contribution to reducing global CO2 emissions,” says Roman Rosslenbroich, CEO and co-founder of Aquila Capital. “At the same time, the growing data centre market offers investors an attractive investment environment with sustainable return opportunities.”
Construction of the data centre located close to Oslo will begin this year. By the end of 2021, a capacity of up to ten megawatts of IT power with a focus on high performance computing (HPC) applications, such as artificial intelligence, machine learning or graphic calculations, will be provided for client servers on an area of 20,000 square metres. A hybrid cooling system allows energy-efficient water or air cooling to be installed, significantly reducing the data centre's operating costs and CO2 emissions.The PUE (Power Usage Effectiveness) value used to measure data centre energy efficiency is expected to be between 1.07 and 1.2 (conventional data centres typically have a PUE value of 1.9).
AQ Compute; brand name for data center business segment
The investment is part of the long-term strategy of Aquila Capital’s new data centre business segment, which will operate under the brand name AQ Compute. AQ Compute focuses on the provision of sustainable data centres, which enable customers to outsource their server hardware for the required computing capacity.
First partnership announced
For the implementation the project, Aquila Capital is partnering with the German IT company Cloud&Heat Technologies which specialises in the construction of energy and cost-efficient data centre solutions.