Skygard, a joint venture by Telenor, Hafslund, and HitecVision, is set to invest NOK 2.4 billion to establish secure and energy-efficient data centers in Norway amidst rising demand for digital solutions.

Target Information

Skygard is a newly established joint venture formed by Telenor, Hafslund, and HitecVision, aimed at developing secure and energy-efficient data storage solutions in Norway. The company is starting the construction of its first data center in Hovinbyen, Oslo, with an investment of NOK 2.4 billion. Elise Lindeberg has been appointed as the CEO, bringing substantial experience from her previous role as the Director of Security at the Norwegian Communications Authority.

Skygard aims to position itself as a reliable Norwegian alternative in the data center market, emphasizing both security and sustainability, which are increasingly crucial in today's digitally reliant society. With a target launch for this facility set for the first half of 2025, Skygard is preparing to meet the growing demand for secure data services driven by the current geopolitical climate.

Industry Overview in Norway

The data center industry in Norway is experiencing significant growth fueled by the nation’s commitment to digitization and sustainable development. The country benefits from a robust digital infrastructure, ample renewable energy sources, and