🇮🇱 Hebrew, 14 October 2026, data center financing
Azorim Secures 1.4 Billion Euros for Norwegian Data Center
Green Mountain, a subsidiary of Azorim, has secured 1.4 billion euros in funding for a new data center in Norway.
The data center, which will have a capacity of 80 megawatts, is expected to generate net operating income of 117 million euros per year in full operation.
The funding includes a 1 billion euro credit facility for the construction of the project, as well as smaller financing arrangements for operational expenses, VAT payments, and future refunds from the client.
The project’s original timeline had anticipated the first phase’s completion and the provision of services from the 20-megawatt capacity by the end of March 2027, but a 16-week delay has been announced due to the client’s request for changes to the technical specifications of the services to be provided.