NIB finances data centres in Sweden

The Nordic Investment Bank (NIB) has signed a loan with EcoDC AB (EcoDataCenter). The agreed SEK 280 million (approx. EUR 24 million) five-year loan will finance the expansion of the Falun data centre in Sweden.

The loan will make it possible for EcoDataCenter to increase the capacity to offer secure and sustainable data centre solutions to its customers. Data usage is increasing rapidly, especially since the recent evolution of Artificial Intelligence (AI), which has made the Nordics a preferred region for data centre services. The agreed loan will finance the expansion of 24 MW by 2025 at EcoDataCenter’s Falun site and minor investments in the company’s existing assets.

“With this loan, we can support the continued digitalisation in our member region and finance further competitiveness within the data infrastructure. EcoDataCenter’s Falun site is also a testimony of how to build sustainable data centres which we are happy to support,” says André Küüsvek, NIB President and CEO.

The data centre buildings and their cooling solutions have been designed to maximise energy efficiency. The electricity that the Falun site consumes is 100% renewable. In addition, the site is connected to the combined heat and power (CHP) plant enabling excess heat to be reused.

“We are on a very exciting growth journey as a company. Therefore, it is crucial to have the right financial partners on board. We are very excited about the prospect of working together with NIB,” says Peter Michelson, EcoDataCenter CEO.

EcoDataCenter is a Swedish data centre operator that provides sustainable and secure data centre solutions. The company was founded in 2014 and is owned by Nordic fund manager Areim.