With low-cost renewable energy and a reputation for ease of doing business, Norway proves data centers don’t have to cost the Earth.
The Norwegian Government has set out its long-term commitment to the development of the data center industry. It has published a Data Center Strategy with the aim of making Norway “an attractive nation for data centers and other data-centric industries.”
Norway has also published a National Strategy for Artificial Intelligence to “facilitate world-class AI infrastructure in the form of digitalization-friendly regulations.”
Norway is arguably the lowest-risk choice for organizations planning investments in European data centers and logistics facilities. It placed #1 in the 2020 FM Global Resilience Index, a global ranking of the most resilient business environments compiled by one of the world’s largest commercial property insurers. The World Bank ranked Norway 9th in the world for ease of doing business in its Doing Business 2020 report. And the 2019 Euromoney Country Risk survey of economists found Norway was one of the least risky countries for investment.
Norway is part of the European Economic Area (EEA) agreement. It
benefits from the European Union’s (EU’s) four freedoms: free movement
of goods, services, persons and capital. GDPR data privacy regulations
are law in the country, because Norway is a member of the EEA joint
High capacity, low latency fiber cable systems provide excellent data links between Norway and the USA, the UK, and mainland Europe. Bulk is a leading investor, builder, and operator of Nordic dark fiber systems.
98% of Norway’s energy comes from renewable sources, including more than 1,550 hydropower plants and 25 wind farms (source: Energifakta Norge). Norway is the largest producer of hydropower in Europe and is 6th in the world. The country produces an energy surplus of 5TWh today, which is set to increase to 20TWh by 2030. Norway is part of the Nord Pool European power exchange.
Norway’s energy grid is known for its reliability. Bulk N01 Campus is located next to Europe’s largest renewable energy substation, with 12 independent feeds.
Norway consistently offers the lowest energy prices in Europe, according to data from the Nord Pool international power exchange.
Norway and other Nordic countries produce a surplus of low-cost renewable power. This makes the region the ideal location for sustainable and efficient data center investments.
To find out how Bulk can help you solve your Infrastructure, Real Estate or Sustainability challenges please contact us.