Trends
BGO to create Europe’s largest renewable-driven data centre
Increased demand for computing power for AI is fueling investments from major users such as Microsoft, Meta, and Amazon.
Headline
Increased demand for computing power for AI is fueling investments from major users such as Microsoft, Meta, and Amazon.
Context
OUR TAKE Bulk Infrastructure Indeed, increase opportunities for large capacity in its three existing data centers and in other Nordic destinations. Combined with the reliability of renewable energy, cold climate, stable business environment, and highly located fiber-optic networks, Northern Europe is attracting the attention of the fast-growing European and global data centers. –Miurio Huang, BTW reporter BentallGreenOak (BGO) is expanding its real estate investment strategy into data centres through cooperation with the Nordic data centre service provider Bulk Infrastructure.
Evidence
Pending intelligence enrichment.
Analysis
BGO, a real estate investor, has significantly increased its ownership interest in Bulk Infrastructure to support the expansion of the Norwegian company’s data centre operations powered by renewables. Executives from both BGO and Bulk Infrastructure revealed that BGO has more than doubled its equity stake, with an additional investment of 350 million euros. According to BGO Co-Chief Executive John Carrafiell, this brings BGO’s total investment in Bulk Infrastructure to over 640 million euros(700 million dollars) since 2020. Also read: What is data centre infrastructure management (DCIM)?
Key Points
- Currently, BentallGreenOak (BGO) is expanding its real estate investment strategy into data centres through cooperation with the Nordic data centre service provider Bulk Infrastructure.
- BGO, a real estate investor, has significantly increased its ownership interest in Bulk Infrastructure to support the expansion of the Norwegian company’s data centre operations powered by renewables.
- Increased demand for computing power for AI is fueling investments from major users such as Microsoft, Meta, and Amazon.
Actions
Pending intelligence enrichment.
