Magnora Data Center ASA acquires 50% stake in joint venture with Sunly to develop up to 400 MW data center in Risti
Norway, Sept. 16 -- Magnora Data Center ASA ("MDATA") has entered into an agreement with Sunly AS ("Sunly"), an integrated energy infrastructure company, to acquire a 50% interest in the Risti Kampus data center project. The data center campus can be connected to the power grid and to Sunly's adjacent energy park, featuring 244 MWp solar, 144 MW BESS and 44 MW wind in development.Key features of the Risti project: * Scale: 180 MW in phase 1, expandable to 400 MW * Power access: Grid connection established plus direct connection to Sunly's energy park * Fiber: Latency under 5 milliseconds round-trip to Helsinki * Partner: Sunly, a leading renewables developer with international infrastructure investors backing * Structure: 50/50 joint ventur...
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