Great data centre opportunities in the Nordics
27.11.2018 | news
A study commissioned by the Nordic Council of Ministers projects sharp growth for the Nordic data centre market until 2025. The study describes advantages of locating a data centre facility in the Nordic region.
The Nordics are likely to gain market share thanks to five key advantages: abundant renewable energy, reliable power supply, low energy prices, political stability and faster time-to-market primarily due to ease of doing business.
Statkraft’s Atle Haga says the findings in the report confirms his own impression:
«This corresponds with the feed-back we get when we meet potential customers. The Nordics is definitely on their radar already, and with more focus on renewable power supply for these clients, the region is well suited for numerous hyperscale and colocation datacenters in the year to come.”
The study, which was carried out by COWI Group, compares the attractiveness of the Nordic region to the FLAP-D region (Frankfurt, London, Amsterdam, Paris and Dublin), against the background of accelerating data volumes worldwide and the challenge of tackling sustainable growth of cloud, streaming and computing services.
According to the report’s findings, the Nordics are likely to gain market share thanks to five key advantages: abundant renewable energy, reliable power supply, low energy prices, political stability and faster time-to-market primarily due to ease of doing business.
The Nordic data centre construction market is estimated to attract annual investments of EUR 2-4.3 billion by 2025. This corresponds to an installed annual capacity of 280-580 MW per year. The Nordic region is well connected to the UK, continental Europe, and the US, and major fibre optic installations linking the Nordics to North America and Asia are in the planning stages.
In addition to electricity production that is two thirds renewable across the region, from sources such as biomass, hydropower, geothermal and wind power, the report underscores the competitive value of advancing cross-border collaboration in the Nordics.
The study was launched at the Datacloud Nordic 2018 networking and deal making forum in Copenhagen, Denmark.