Storespeed (operational data center)
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Magnora ASA (SVMRF) Q4 2025 Earnings Call Prepared Remarks Transcript
Seeking Alpha· 2026-02-25 12:31
Core Insights - The company reported the highest growth in origination and entered the data center market, with significant developments in its portfolio [1] Group 1: Portfolio Growth - The development portfolio reached 10.4 gigawatts as of February 2026, representing a 60% year-over-year growth from 2024 [2] - The company has over 2,500 megawatts of mature stage development opportunities that are currently sellable [2] Group 2: Data Center Strategy - A strategic shift towards data centers in the Nordic region has been made, securing 210 megawatts of data center projects across Norway and Finland [2] - The company owns an operational data center in Halden, Norway, called Storespeed, which has been running for 20 years, providing a strong market position [2] Group 3: Expansion and Partnerships - A development organization has been established in Sweden, and the first project in Finland has been secured, laying the groundwork for further portfolio development [3] - Local and international advisers have been engaged for transactions in the mature stage, with advanced dialogues ongoing for projects in the 500 to 800-megawatt range [3]