Magnora ASA

Regulatory Filings • Sep 10, 2025

Magnora ASA launches Swedish data center business

Magnora ASA launches Swedish data center business

10.9.2025 07:00:01 CEST | Magnora ASA | Non-regulatory press releases

After tracking the data center market for a while, Magnora is pleased to

announce the entry into data center development in Sweden through the Swedish

subsidiary Magnora DC. Magnora DC has ongoing dialogues with landowners,

municipalities and grid companies for establishment of powered and permitted

land for data center operators in the range 5 to 100 MW plus.

Much like Magnora's other portfolio companies, Magnora DC provides its customers

with projects that can rapidly be turned into operating assets. This includes -

like in Magnora's other businesses - developing asset-light projects securing

industrial land, environmental concessions, building permits, use of surplus

heat, power grid, fibre access and customers, until ready-to-build status.

- We are now launching data center development in Sweden for several reasons,

says Erik Sneve, CEO of Magnora ASA. We have experience and project skills

directly applicable to data centers which are very similar to onshore wind,

battery storage and solar PV projects, we have built two very successful

renewable-energy companies in Sweden the recent years, we know the grid-access

process well, and the country has cool climate, competitive clean energy prices,

a high technological level and a not overly crowded data center industry.

We are also pleased to be working with a local team and partners with a very

strong track record and whom we know well.

Magnora holds two thirds of the shares in Magnora DC and local partners one

third.

CONTACTS

* Erik Sneve, CEO, email: es at magnoraasa.com

* Torstein Sanness, Chairman of the Board, email: sanness at sf-nett.no

ABOUT MAGNORA ASA

Magnora ASA (OSE: MGN) is a renewable-energy group developing wind, solar and

battery storage projects. Magnora has operations in Europe and Africa through

the portfolio companies Hafslund Magnora Sol AS, Magnora Offshore Wind AS,

Magnora Germany, Magnora Italy Srl, Magnora Solar PV UK, Magnora South Africa,

and AGV. Magnora also has earn-out revenues related to the former portfolio

companies Helios Nordic Energy and Evolar. Magnora is listed on the main list of

the Oslo Stock Exchange under the ticker MGN.

ATTACHMENTS

Download announcement as PDF.pdf -

https://kommunikasjon.ntb.no/ir-files/17847805/18646261/6422/Download%20announce

ment%20as%20PDF.pdf