VivoPower Launches Lease RFP for 41.5MW Norway Data Center with >80MW Expansion Path
VivoPower completed acquisition of a 41.5MW Mo i Rana data center in Norway on April 21, 2026 and launched a formal competitive RFP to lease capacity following strong inbound inquiries from AI neocloud operators and hyperscalers, with expansion to over 80MW pending regulatory approval. The site’s 100% renewable hydroelectric power cost of below US$0.035/kWh could enhance existing annual revenues of $31 million and $10 million in EBITDA.
1. Data Center Acquisition and Lease Bidding
VivoPower finalized its purchase of the operational 41.5MW Mo i Rana data center on April 21, 2026 and immediately initiated a formal competitive RFP process to secure AI neocloud and hyperscaler tenants after receiving multiple inbound inquiries.
2. Renewable Power and Operational Advantages
The facility is powered by 100% renewable hydroelectric energy at below US$0.035/kWh—among Europe’s lowest data center power costs—and its Nordic cold climate and existing infrastructure enable tenant deployment in months instead of 18–36 months.
3. Financial Impact and Growth Potential
Current annual revenues of $31 million and EBITDA of $10 million are expected to improve as new tenants secure capacity, with lease terms and power economics poised to drive incremental cash flows and margin expansion.
4. Tenant Selection Criteria and Expansion Potential
VivoPower’s management and advisors will evaluate candidates on lease rate per megawatt, contract tenor, payment structure, credit quality, operational alignment and strategic fit, while preparing for an additional 40MW capacity expansion subject to regulatory approval.