• The new debt financing gives EcoDataCenter a two- to three-year runway to complete and build major AI-optimised campuses in Sweden.
• Since 2023, EcoDataCenter and owner Areim have raised approximately €1.8 billion, underscoring investor confidence in sustainable data centre growth.
What happened
EcoDataCenter, a Swedish operator of high-performance digital infrastructure tailored for compute-intensive workloads, has secured €600 million in debt financing from Deutsche Bank’s Private Credit and Infrastructure arm. The funds will drive expansion of its Falun and Borlänge campuses, designed specifically for AI and cloud workloads.
This financing gives the company a runway of about two years, according to CEO Peter Michelson. Including previous backing from Areim—its owner—the total capital raised since 2023 now amounts to roughly €1.8 billion.
The Falun site, inaugurated in 2019, is already operational and will be effectively completed by 2027, scaling up capacity. The Borlänge facility, engineered to be more than four times larger, aims to offer between 360 and 400 MW of capacity when operational.
EcoDataCenter has built partnerships with major players such as CoreWeave—collaborating on one of Europe’s largest AI clusters—and serves clients like BMW and DeepL. The company also hosts Nvidia’s Blackwell SuperPod for DeepL, highlighting its high-power compute capabilities.
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Why it’s important
Investor confidence in EcoDataCenter’s environmentally conscious approach and the broader advancement toward green AI infrastructure is demonstrated through this substantial debt growth. Sweden has become an increasing advantageous spot for cloud computing investment owing to the abundance of renewable energy, cold climate (which decreases cooling expenses), and dependable electricity grid. Through a 400 MW target, the expansion at Borlänge could make EcoDataCenter to be among Europe’s largest AI-focused facilities, enhancing the region’s capacity to contend with Asia and North America. AI demands exponentially greater amounts of processing power, so establishing advancements in energy-efficient infrastructure is crucial to feed sustainability and economic growth.
Moreover, this move ties into broader regional momentum. Earlier in 2025, Sweden’s fund manager Areim secured €450 million for sustainable data centre initiatives, strengthening EcoDataCenter’s green credentials.
