Business UpdateMay 21, 2026, 09:36 AM
VivoPower Shortlists AI Tenants for 41.5MW Norway Data Center
AI Summary
VivoPower PLC has shortlisted AI operator tenants for its 41.5MW Mo i Rana data center in Norway following a competitive RFP process. The company rejected multiple acquisition offers for the asset, believing there is materially higher value in transitioning to dedicated AI digital infrastructure and leasing it out for 10+ years. VivoPower aims to finalize agreements with the selected AI operator(s) by June 30, 2026, expecting to improve its current annual revenues of $31 million and EBITDA of $10 million. The data center, powered by 100% renewable energy, also has potential for an additional 40MW expansion.
Key Highlights
- VivoPower shortlisted AI operator tenants for its 41.5MW Mo i Rana data center in Norway.
- The company rejected multiple offers to acquire the asset at a material premium.
- Target agreement with selected AI operator(s) is set for June 30, 2026.
- The new tenants are expected to improve current annual revenues of $31 million and EBITDA of $10 million.
- The Mo i Rana facility is 41.5MW operational, with an additional 40MW expansion capacity expected.
- The data center is powered by 100% renewable hydroelectric energy at below US$0.035/kWh.
Price Impact
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