Datacenter Forum
Datacenter Forum
Datacenter Forum
Datacenter Forum
Events & Webinars Datacenter directory
  • Share page on Linkedin
  • Share page on Facebook
  • Share page on Twitter
  • Link copied!
slider-image
Start
Upcoming Events
Datacenter Directory
DatacenterFlix
Topics
About us
Partner login
NEWS

Lefdal Mine Datacenter secures funding for expansion

Lefdal Mine Datacenter secures funding for expansion
  • Datacenter Forum news, knowledge, inspiration & events
    Start
  • Data center forum Events & webinars
    Upcoming Events
  • Datacenter Forum topics
    Topics
  • Data center directory - who's who in the datacenter industry
    Datacenter Directory
  • about Datacenter Forum
    About us
  • Datacenter Forum portal
    Partner login
  • Datacenter Forum Training
    Training
  • Partner up
    Partner up
  • Datacenter Forum video channels
    DatacenterFlix
Lefdal Mine Datacenter
updated: 31-05-2021 | 10:24
Share page on Linkedin Share page on Facebook Share page on Twitter Link copied!

Lefdal Mine Datacenter (LMD) has secured funding to expand its facility to meet growing customer needs. The 5-year financing arrangement with UBS Asset Management’s Infrastructure Debt Platform, totalling EUR 50m, will support the expansion of the data center beyond the existing 20MW capacity.

 

Jørn Skaane, CEO Lefdal Mine Datacenter: “We are pleased with the completion of this credit facility, which strengthens LMD’s financial position. This improves our ability to benefit from increased market demand and invest in growth opportunities in the years to come. We look forward to a good and long-term relationship with UBS Asset Management.”

 

LMD offers 120,000 m2 whitespace inside mountain halls across three levels in a former mine. Construction cost-per-MW is 30-50% lower than the industry standard, as well as providing leading natural security due to the mine’s infrastructure. Norway’s access to renewable power, low energy cost, favorable climate and developed infrastructure, as well as positive government policy, mean the country is regarded as one as one of the most attractive European locations for the development of data centers.

 

Alessandro Merlo, Head of Investment, Infrastructure Debt at UBS-AM REPM: “Data centers are an attractive investment opportunity, which have further proved their importance and vital role for businesses during the pandemic crisis. We’re pleased to have worked with LMD to finance the unique development of this unique data center location. This transaction is the first investment for IDP in Norway and the third in the wider Nordic region – an important market for the platform. We are pleased to also support one of the greenest data centers in Europe with very limited environmental footprint and CO2 emissions, in line with our commitment to responsible investing in real assets.”

RELATED


GlobalConnect first colocation provider to offer submerged cooling in Europe
News GlobalConnect first colocation provider to offer submerged cooling in Europe GlobalConnect
Svein Atle Hagaseth appointed as new CEO of Green Mountain
News Svein Atle Hagaseth appointed as new CEO of Green Mountain Green Mountain Data Centre
Data Center Career Pathfinder
News Uptime Institute Completes Acquisition of CNet Training Uptime Institute
atNorth Acquires Two Data Centers in Finland as It Continues to Grow in the Nordic Region
News atNorth Acquires Two Data Centers in Finland as It Continues to Grow in the Nordic Region
Datacenter Forum Stockholm 2022
Channel Datacenter Forum Stockholm 2022 Datacenter Forum
EU adopts Corporate Sustainability Reporting Directive
News EU adopts Corporate Sustainability Reporting Directive Datacenter Forum
Datacenter Forum Reykjavik 2022
Channel Datacenter Forum Reykjavik 2022 Datacenter Forum
Datacenter Forum Copenhagen 2022
Channel Datacenter Forum Copenhagen 2022 Datacenter Forum
Hybrid IT & Multicloud at Data Center Changemakers Sweden
Video Hybrid IT & Multicloud at Data Center Changemakers Sweden Datacenter Forum
Circular Data Center Economy at Data Center Changemakers Sweden
Video Circular Data Center Economy at Data Center Changemakers Sweden Datacenter Forum
The Nordics as the Sustainable Digital Backbone of Europe at Data Center Changemakers Sweden
Video The Nordics as the Sustainable Digital Backbone of Europe at Data Center Changemakers Sweden Datacenter Forum
Datacenter Forum Helsinki 2022
Channel Datacenter Forum Helsinki 2022 Datacenter Forum
Filters

Topics

Specify search results.
Datacenter Forum
Datacenter Forum
ABOUT US

Creating valuable relations between all community members in the data center industry by offering news, knowledge, network opportunities and inspiration since 2014

More about us  |  Privacy policy

CONTACT US

 

Nygatan 17

54230 Mariestad

Sweden

 

info@datacenter-forum.com

Oslo 2023 Helsinki 2023 Copenhagen 2023 Reykjavik 2023
SOCIAL