Data center founder moves investments out of Norway
Peder Nærbø, who owns Norway's largest data center company, has announced major plans for the future. He plans to invest up to 60 billion kroner in new projects over the coming years.
Despite these grand ambitions, Nærbø has chosen to move to the USA. He explains that it is difficult to operate this type of business from Norway as the situation stands today. He believes that the framework conditions for large industrial projects make it necessary to look abroad.
Data centers require a great deal of electric power and stable political frameworks. Nærbø expresses that he must be outside of Norway to be able to carry out the planned investments in an efficient manner. He describes the situation as unfortunate, but necessary for the company's continued growth.
The decision to move the business out of the country is sparking debate about how Norway can attract major technological investments. Many experts point out that access to affordable energy and predictable tax rules are crucial for such companies to choose to remain in Norway.
It is currently unclear what consequences Nærbø's move will have for Norwegian jobs and the country's digital infrastructure. The matter is being followed closely by both politicians and business leaders who are concerned about the competitiveness of Norwegian industry.