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BGO and Bulk Infra team up for $1 bln renewables- powered data centre

Real estate investor BGO has more than doubled its equity stake in Bulk Infrastructure to help money a 1 billion euro ($ 1.09 billion) growth of the Norwegian company's renewablespowered information centre operations, executives from both firms informed .

A surge in need for calculating power to drive artificial intelligence is driving investment by users including Microsoft , Meta and Amazon.

BGO, which manages more than $80 billion in assets, invested a more 350 million euros into Bulk Infra, taking its overall investment to more than 640 million euros given that 2020, BGO Co-Chief Executive John Carrafiell stated.

The website in southern Norway, powered by wind, solar and hydro, could end up being the most significant 100% eco-friendly energy-powered site in Europe if it reaches a 2 gigawatt objective after initially aiming for 400 megawatts by 2026.

Given the commitments the tenants have made to be zero-carbon or other even more severe requirements, they have to be in sustainable, eco-friendly information centres because this makes up an enormous portion of their carbon footprint, Carrafiell stated.

With Europe pushing innovation companies to keep user information locally and operators keen to reduce climate-damaging carbon emissions, Nordic governments view the sector as a growth chance.

Nevertheless, there has actually already been a tussle in Norway when part-government owned munitions maker Nammo was not able to expand its factory as a TikTok information centre was consuming the readily available power.

Carrafiell said demand was strong, with access to power the. defining limiter for information centres and with all the buildings. being developed from scratch to permit AI-driven companies to scale,. for instance by liquid cooling the servers.

Liing next to the biggest renewable power sub-station. in Europe might save as much as 15% in energy lost as it moves. through the cables; while the power-usage effectiveness of the data. centre would be at least 10% much better, he included.

AI-driven information centres consume to 40 times more power density. than conventional centres and it is important for tech customers to. have enough area to grow.

Consumers might want to deploy 20 megawatts today ... The. more detailed you can grow to that first facility, the better and more. appealing you are, stated Bulk Infra creator and Executive. Chairman Peder Naerboe.

(source: Reuters)