CAPRE Exclusive | The State of the EuroMarket: Colo Incoming, Movement to Micro Data Centers, the Rise of the Nordics
NEW YORK, NY -- On July 13, 2020 CAPRE hosted an in-depth webinar and video presentation about the state of EU zone investment, development and capital raising. A panel full of investors discussed the status of the data centre in the European Union market as well as drivers of growth and change during one half, and a second segment discussed M&A activity and capital at play in this arena. However, the session kicked off with Green Mountain, the webinar’s sponsor out of Norway, presenting some key information about sustainability, cost and expansion opportunity in their neck of the woods. “We see a huge interest in doing business in Norway at the moment, due to the focus on sustainability,” offered Green Mountain’s Svein Atle Hagaseth. “One of our recent clients had that as their top reason for coming to Norway, everything is powered by hydro or wind, and we have a surplus of power. We also have things like political stability, of course.” “Colocation and the data centre market in general in Europe is growing quite rapidly,” concurred Hagaseth’s colleague, Tor Kristian Gyland, Chief Executive Officer at Green Mountain. “It’s growing in London, it’s growing in Frankfurt, it’s growing in Dublin. But you’re also seeing movement toward Tier II markets, like Norway, the Nordics, and Iberia. In addition to the abundance of green power at the lowest cost in Europe, there are other opportunities in Norway as well. You have the…
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