HELSINKI, Finland, Oct 6, 2026 – atNorth plans to develop its FIN05 data center in Salo, Finland, with power secured for a planned 75 MW first phase. The company estimates its investment at approximately €2 billion.
FIN05 development will occupy a 28.6-hectare site and connect through a Fingrid substation. atNorth has a path to securing up to 230 MW for the wider development.
The €2 billion estimate excludes customer-owned servers and their installation. atNorth estimates those costs could represent an additional investment of up to €10 billion. atNorth cites Salo’s proximity to Helsinki and access to Finland’s digital workforce as factors supporting the development.
atNorth plans to enter long-term power purchase agreements with local energy suppliers to support regional energy production. It is also exploring flexibility measures that could support the operation of Fingrid’s transmission grid. The company will explore opportunities to reuse the data center’s heat with local stakeholders. Its existing heat reuse collaborations include Kesko Corporation in Finland, Stockholm Exergi in Sweden, and Vestforbrænding and Selected Group in Denmark.
“FIN05 is an opportunity to develop critical digital infrastructure while working with the region to create lasting local value,” said Eyjólfur Magnús Kristinsson, CEO of atNorth. “We are exploring how local energy partnerships, flexibility solutions and heat reuse can contribute to the wider energy system and community. We look forward to working with Salo and regional partners as the project develops.”
“We are delighted to welcome this investment to our region,” said Anna-Kristiina Korhonen, Mayor of Salo. “The new data center will create valuable employment opportunities during both construction and ongoing operations, while generating wider economic benefits for local businesses. This development strengthens our position as an attractive destination for innovative industries and supports sustainable long-term growth for our community.”
“This project demonstrates Salo’s potential as a location for major digital infrastructure investment,” said Matti-Juho Ervasti, partner at Regant Oy. “We have 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.”
FIN05 joins atNorth developments in Stockholm and Sollefteå, Sweden; Haugaland, Norway; Ølgod, Denmark; and Kouvola, Finland.
Source: atNorth
About atNorth
atNorth, based in Reykjavík, Iceland, operates data centers across the Nordic region, providing high-density colocation, build-to-suit facilities, and connectivity services for enterprises, hyperscalers, and high-performance computing (HPC) users. The company serves industries such as AI, cloud computing, infrastructure, and research. Founded in 2009, it has operated for about 16 years. atNorth runs eight data centers in Iceland, Sweden, and Finland, with additional sites under construction in Kouvola, Finland, and Ølgod, Denmark, and a planned facility in Sollefteå, Sweden. Its operations use renewable energy and emphasize energy efficiency and circular economy principles. The company designs its facilities for scalability, power efficiency, and flexible deployment to meet long-term infrastructure needs across the region.
