Summary:
1. DayOne, a Singapore-based data center operator, is expanding its operations to Finland with a new data center project in Nurmijärvi, near Helsinki.
2. The project will leverage Finland’s renewable energy resources and digital infrastructure, with potential for significant economic impact and job creation.
3. DayOne’s move into Finland is part of its broader European expansion strategy, supported by substantial financial backing.
Article:
DayOne, the leading data center operator based in Singapore, has announced plans to venture into the European market with a new data center project in Nurmijärvi, located just 30 km north of Helsinki. This strategic move comes on the heels of DayOne’s successful $2 billion Series C equity financing, signaling the company’s commitment to accelerating its growth in the region.
The proposed site in Klaukkala, part of Nurmijärvi, has been carefully selected to take advantage of Finland’s abundant renewable energy sources and robust digital infrastructure. DayOne has partnered with Finnish energy producer Fortum to secure the site and navigate the necessary government approvals and permits, highlighting their dedication to sustainable development practices.
With a phased development potential of up to 560 MW of total grid power, the project is expected to have a significant economic impact on the region. During construction, approximately 1,000 workers will be employed, with up to 700 skilled positions available for long-term operations, demonstrating DayOne’s commitment to creating job opportunities and contributing to the local economy.
This expansion into Finland is part of DayOne’s broader international strategy, building on previous investments in the country, including a flagship hyperscale development in Lahti and a joint venture project in Kouvola. By leveraging Finland’s cool climate, renewable energy sources, and government incentives, DayOne is positioning itself to capitalize on the country’s booming data center market, which is forecasted to grow at a compound annual growth rate of nearly 54% between 2024 and 2030.
DayOne’s rapid expansion is made possible by substantial financial support, including the recent $2 billion Series C equity financing and a mezzanine financing facility of up to $1.2 billion from Brookfield and a global sovereign investor. These funds are fueling DayOne’s growth not only in Finland but also across Europe, in line with the broader trend of operators seeking sustainable, high-performance infrastructure in emerging markets. As the data center market continues to evolve, DayOne’s investments in Finland position the company as a key player in shaping the future of digital infrastructure in Europe.
