The report, by consultancy firm COWI, states that Nordic countries offer unique benefits in terms of reliable power supply, low energy prices, sustainability and ease of doing business.
It found that the Nordics (Norway, Denmark, Sweden, Finland and Iceland) scored higher on these factors compared to more established data center hubs such as London and Frankfurt.
The Nordic region is currently undergoing an investment “boom”, and a range of data center operators are planning to establish new facilities in the region.
This includes international giants such as Facebook, Apple and Google, all of whom are planning hyperscale data centres in northernmost Europe.
According to COWI’s report, “Data centre opportunities in the Nordics”, more and more companies are being attracted by the region’s cold climate, abundant renewable energy and low power prices.
The report, released at the end of last year, also highlights other benefits including political stability and the ease of doing business in Nordic countries.
These factors lead the authors to predict that annual construction investment in the Nordic data center market could almost double in size by 2025, reaching €4.3bn.
This would represent an additional power capacity of 280+ MW being introduced in coming years.
Yet this isn’t the end of the story. The Nordic nations are undergoing rapid digitalization, which could could unlock even larger increases in investment in the long term.
More and more public services are being offered online in the northern European countries, placing these nations at the top of the EU’s Digital Economy and Society Index (DESI).
Taking account of these factors, the report’s authors suggest that up to 2,500+ MW in additional capacity could be established in the far north of Europe in coming decades.
Kokstad Vest is one of the exciting data center projects currently under planning in western Norway.
For those who are interested in establishing a new data center in the Nordics, the region of western Norway is the perfect place to start.
With a reliable power network, an abundance of renewable energy, and superb connections to the world, this area satisfies a whole host of data center requirements.
The Greater Bergen region of Norway is also home to interesting projects, where data centers are being considered as part of smart energy systems for neighbourhoods.