Nordea finances construction of data centres and fibre across the Nordics
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Nordea is supporting a new project for digital infrastructure in Norway and the rest of the Nordics. The company Bulk Infrastructure is building data centres and fibre networks. This construction is expected to last for many years.
Bulk Infrastructure is based on Norwegian power. Many data centres need a great deal of electricity, and Norway has good access to renewable energy from hydropower. Therefore, the country is an attractive location for such facilities. Fibre connections are also important, because they provide fast communication between different places.
Nordea is contributing financing for the long-term construction. The bank is one of the largest in the Nordics, and it supports several major projects in the region. The financing makes it possible for the company to plan and build over a long period.
Digital infrastructure is becoming increasingly important for both businesses and the public sector. Data centres store data, run online services and are used by many types of organisations. The construction of such facilities in Norway may therefore have an impact on jobs and technological development in the years to come.
Sources: Nordea
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