atNorth Announces $2.24 Billion Data Center Development in Salo, Finland

atNorth announced on 5th October 2026 from Helsinki, Finland, that it will develop a new data center known as FIN05 in Salo, Finland. The company, which describes itself as the leading Nordic high-density colocation and built-to-suit data center provider, stated that the development forms part of its ongoing objective to meet the demand for high-performance digital infrastructure in a responsible way.

Announcement and Investment Overview

atNorth’s investment in the Salo site is expected to be approximately USD 2.,24 billion. This estimate does not include servers owned by customers or their installation, which could represent a further investment of up to an estimated USD 11.21 billion.

Anna-Kristiina Korhonen, Mayor of Salo, said the new data center will create valuable employment opportunities during both construction and ongoing operations, while generating wider economic benefits for local businesses. She added that the development strengthens Salo’s position as an attractive destination for innovative industries and supports sustainable long-term growth for the community.

Site, Power, and Location Advantages

The FIN05 data center will be developed on a 28.6-hectare site. Power for the first phase is planned at 75 MW and is secured. The wider development has a path to power of up to 230 MW. The site will connect through a Fingrid substation. According to atNorth, Salo offers a strong location for critical infrastructure serving customers with demanding requirements for connectivity and resilience. The proximity to Helsinki and Finland’s digital talent pool also support the development of the site.

Energy Partnerships, Flexibility, and Heat Reuse

atNorth plans to enter into long-term power purchase agreements with local energy suppliers to support energy production in the region. The company also plans flexibility solutions that could support the efficient operation of Fingrid’s transmission grid. atNorth will work with local stakeholders to explore opportunities to make use of heat generated by the data center, helping create value beyond the facility itself. The announcement states that this builds on existing heat reuse collaborations with Kesko Corporation in Finland, Stockholm Exergi in Sweden, and Vestforbrænding and Selected Group in Denmark.

Leadership Perspectives on the Development

Eyjólfur Magnús Kristinsson, CEO of atNorth, said that FIN05 is an opportunity to develop critical digital infrastructure while working with the region to create lasting local value. He said atNorth is exploring how local energy partnerships, flexibility solutions, and heat reuse can contribute to the wider energy system and community. He added that the company looks forward to working with Salo and regional partners as the project develops.

Anna-Kristiina Korhonen, Mayor of Salo, said the municipality is delighted to welcome this investment to the region. She repeated that the new data center will create valuable employment opportunities during both construction and ongoing operations, while generating wider economic benefits for local businesses.

She said the development strengthens Salo’s position as an attractive destination for innovative industries and supports sustainable long-term growth for the community. Matti-Juho Ervasti, Partner at Regant Oy, said the project demonstrates Salo’s potential as a location for major digital infrastructure investment. He said Regant Oy has worked closely with atNorth and the municipality to provide a development-ready site, with the scale, planning readiness and power roadmap needed for large data center projects.

Nordic Expansion and Company Background

FIN05 is part of atNorth’s continued investment across the Nordics, alongside developments in Stockholm and Sollefteå in Sweden, Haugaland in Norway, Ølgod in Denmark and Kouvola Finland. Across its projects, atNorth works with local communities and partners to develop infrastructure that supports customers and contributes to the regions where it operates. atNorth is a leading Nordic data center company that offers cost-effective, scalable high-density colocation and built-to-suit services trusted by industry-leading organizations.

With sustainability at its core, atNorth’s data centers run on renewable energy resources and support circular economy principles. All atNorth sites leverage innovative design, power efficiency, and intelligent operations to provide long-term infrastructure and flexible colocation deployments. atNorth is headquartered in Reykjavik, Iceland and operates seven data centers in strategic locations across the Nordics, as well as four mega sites under development across Kouvola, Finland, Ølgod, Denmark, Sollefteå, Sweden and Haugaland, Norway. The business also has an additional metro site under development in Stockholm, Sweden.