PolarDC AI Data Center Expansion and Refinancing
Sector: Manufacturing (Industrial) • Location: Drangedal and Porsgrunn, Norway
Source: PitchBook
PolarDC Nordic bond offering to fund the construction of two new data centers in Norway and refinance debt on an existing operational data center. The project includes a new data center leased to Crusoe in Drangedal, a refitting of a site near a Google data center in Herøya Industrial Park for CoreWeave, and an existing operational data center. The project is majority-backed by H.I.G. Infrastructu
- Status
- Prospective
- Sector
- Manufacturing (Industrial), Data Center
- Location
- Drangedal and Porsgrunn, Norway
- Updated
- 22 Jul 2026
- Source
- PitchBook
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Project Information
Participants
| Not available for this record. |
Status
Original status | planned |
Taiyo status | Prospective |
Taiyo last update | 2026-07-22 |
Contact
| Not available for this record. |
Description
Description | PolarDC Nordic bond offering to fund the construction of two new data centers in Norway and refinance debt on an existing operational data center. The project includes a new data center leased to Crusoe in Drangedal, a refitting of a site near a Google data center in Herøya Industrial Park for CoreWeave, and an existing operational data center. The project is majority-backed by H.I.G. Infrastructure and aims to be operational by the end of 2027. |
Original sector | Data Centers |
Budget |
Location
Country | Norway |
City | Drangedal and Porsgrunn |
Source
Source | PitchBook |
URL |
More Details
Record type | Project |
Sector | Manufacturing (Industrial), Data Center |
Article published date | 2026-05-24 |
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