Billion-dollar atNorth data centre to be built in the former Myllykoski mill area owned by Redeve

The former Myllykoski paper mill area owned by Redeve has undergone extensive development, resulting in significant new business activities. The agreement on the location of the new atNorth data centre in Myllykoski, Kouvola, was signed on the 4th of December 2023.

atNorth is a leading Nordic provider of data centre, high-performance computing and artificial intelligence services. It is expanding its operations in Finland and intends to build a new mega data centre in Myllykoski. The facilities will be located in an area of 21 hectares purchased from Redeve. Redeve still owns more than 50 hectares of land in the industrial park, which it continues to develop further.

In the first phase, the data centre will have a capacity of 60 megawatts and will be ready for use in the second half of 2025. When completed, FIN04’s capacity may expand to up to several hundred megawatts. The mega site campus will serve both data centre customers and customised project solutions.

“This is a major milestone in the development of the Myllykoski mill area. The investment in a mega data centre is a sustainable and responsible decision that will reduce carbon dioxide emissions in IT operations in the area far into the future. Synergy with the area’s operators will bring more benefits and opportunities for fruitful cooperation and the development of the entire region,” says Jari Lahtinen, Managing Director of Redeve Oy.

The investment will also provide heating and hot water for the city’s residents

The waste heat produced by the data centre will be used to provide heating and hot water for the residents of Kouvola. atNorth is working in close cooperation with the City of Kouvola and its energy partner KSS Energia. The new FIN04 data centre is being designed with heat recovery in mind, which will allow the excess heat generated in the data centre to be delivered to the KSS power plant and reused to serve the needs of the city’s residents.

atNorth 

atNorth is the leading data centre company in the Nordic countries, providing sustainable, cost-effective and scalable data centre and high-performance computing services in Iceland, Sweden and Finland. The company manages seven data centres in strategically important locations in the Nordic countries. Its eighth data centre will be opened in Helsinki in the third quarter of 2024, while its ninth one in Denmark will start operating in the fourth quarter of 2024. Its tenth data centre in Kouvola will become ready for use in 2025.

You can find more information about the investment in atNorth’s press release.

Redeve

The Redeve Group is a family-owned company specialising in property ownership and development.

In addition to the former Myllykoski paper mill property, Redeve Oy owns the former Voikkaa paper mill premises and the business premises built around them in Voikkaa, Säynätsalo in Jyväskylä and Kajaani which are seeing intensive growth.

Jari Lahtinen Managing Director +358 50 327 4890 jari.lahtinen@redeve.fi

The agreement was signed by Jóhann Þór Jónsson, Director, site selection, atNorth (right) and Jari Lahtinen, Managing Director, Redeve.