Columbia Threadneedle European Sustainable Infrastructure Fund (ESIF) acquires majority stake in Lefdal Mine Datacenter AS

CLP has acted as legal advisor to Lefdal Mine Datacenter AS and its owners in connection with the divestment of a majority stake in the company to the American investment fund ESIF.

Lefdal Mine Datacenter is a green data centre located underground among the fjords in Western Norway. The data centre currently has 10 megawatts of installed capacity and is solely powered by renewable energy, while the adjacent fjords are used for cooling. ESIF has an offensive strategy with regards to the further development of the data centre in order to facilitate even larger customer requirements in the future.

According to the press release from the company, Linda Hofstad Helleland, Norwegian Minister of Regional Development and Digitalisation, has commented: “The Government wants Norway to be an attractive nation for data centres. This represents a major economic opportunity for Norwegian businesses and society, and will be a key to the Government’s policies and priorities going forward”.

CLPs core team included Andreas Kildal, Christian Vestheim and Kristoffer Gjesdahl.

Further information is available here (Norwegian) and here.