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Magnora has become the majority owner of a 120 MW data center project in Hämeenlinna, Finland, collaborating with Northern Europe Energy Group (NEEG). The project is expected to reach the Ready-to-Build stage by the end of 2026.

The site spans 150,000 m² and offers advantages such as waste-heat recovery potential, access to major Finnish fiber operators, and proximity to an electrical substation. The collaboration includes a 70% ownership stake for Magnora and 30% for NEEG, which will handle most operational development.

Local municipal support aims to streamline the permitting process. This marks Magnora's third data center project in three months, following developments in Averøy and an operational facility at Storespeed.