Markets and policy
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Swedish AI infrastructure firm signs Nasdaq merger
Green AI Cloud and Pioneer Acquisition I have signed a business combination agreement valuing the Stockholm-based company at $300m before the transaction. Completion and any Nasdaq listing remain conditional.
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Scottish Parliament opens hyperscale data centre inquiry
Scottish Parliament committees have opened an evidence call on hyperscale data centres, covering environmental impacts, electricity infrastructure and economic benefits. Public and expert submissions close on 15 November 2026.
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Spain moves ahead with data centre oversight
Spain’s digital transformation minister has reaffirmed plans to advance national data centre rules concerning electricity and water use, although the decree is not yet enacted.
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Orcadian models £124/MWh power for offshore compute
Orcadian Energy estimates its proposed Earlham offshore compute concept could supply private-wire electricity at about £124/MWh, although the model remains internally generated and has not completed engineering validation.
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Behavox commits $8m to UK sovereign GPU capacity
Behavox has committed $8m to dedicated Civo GPU capacity in the UK, adding contracted demand to domestic AI infrastructure intended to keep sensitive financial-sector workloads within the country.
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ASP weighs Oslo IPO after NOK1.6bn bond
ASP Data Center is reportedly sounding investors over an Oslo IPO that could raise about $100m, weeks after the Norwegian operator completed a NOK1.6bn bond financing for its expanding infrastructure portfolio.
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Denmark puts hyperscale data centres behind grid priorities
Denmark’s new electricity connection regime takes effect on 12 October, replacing first-come, first-served allocation and allowing scarce grid capacity to be prioritised according to social and network needs.
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Chapelcross data centre passes 1,000 objections
More than 1,000 objections have been lodged against the proposed Chapelcross hyperscale campus as scrutiny grows around its power ambition approaching 1GW, greenfield land use and projected greenhouse gas effects.
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PwC maps Belgian constraints on AI infrastructure
PwC expects global AI infrastructure investment to reach €27.23tn through 2050 but says electricity infrastructure, chip access, planning and sovereignty will influence how much capital Belgium can attract.
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EcoDataCenter redeems bonds after green refinancing
EcoDataCenter will redeem the remainder of its 2024 senior unsecured bonds on 15 October after issuing SEK1bn of new four-year green debt and completing a tender process.