EXPANDING AMIDST SALES DEAL

Green Mountain has just announced the opening of a new data center facility on its Oslo region, expanding the DC3-Oslo data center site with a second building.

As announced by Green Mountain, the new data center offers 4MW, doubling the current capacity at the site just 9 months after the opening of the first data center on the Oslo site.  The DC3-Oslo site is about 20km from downtown Oslo, which is Green Mountain’s third data center site in addition to its mountain hall facility outside Stavanger and the facility at Rjukan, Telemark.

“Norway’s abundance of low-cost renewable power, the government’s beneficial framework conditions, and Green Mountain’s ability to deliver sustainable and high-quality data centers at a rapid speed to market make a strong value proposition. We have secured power and land to grow this site for several years to come,” said Tor Kristian Gyland, chief executive officer of Green Mountain.

The company further plans to grow across all its three existing Norwegian locations, and has already secured land at two different locations on the Norwegian west coast, precisely at Kalberg and Haugaland Business Park.

“The project progressed nicely although the Covid-19 situation posed challenges with for instance equipment deliveries. However, we managed to find alternative solutions and actually completed the project a few days ahead of schedule,” added Håvard Lurås, project manager at Green Mountain.

This expansion is being delivered amidst the establishment of a deal to sell Green Mountain and its facilities to Azrieli Group. The transaction includes Green Mountain’s operations in Scandinavia which are powered by 100% renewable energy sources.

As announced, the sales deal is worth about NIS 2.8 billion (approx. US$850 Million) with Azrieli Group acquiring 100% of the share capital of Green Mountain, gaining three Green Mountain server farms in Norway which currently has signed contracts for about 24MW with customers for an average period of approx. 7.5 years.