On 27 February 2026, Norske Skog ASA announced that Norske Skog Saugbrugs has entered into a letter of intent with Green Mountain to jointly explore the development of a data centre at the Saugbrugs industrial site in Halden.
The site has been identified as well suited for large-scale data centre operations, offering the potential to deliver globally attractive digital infrastructure. Earlier this year, Saugbrugs initiated a zoning process to enable data centre activities at the site. The parties will now work closely with the municipality and other relevant stakeholders to advance the project in accordance with applicable regulatory procedures.
In a separate but related transaction, Norsk Nukleær Dekommisjonering (“NND”) will acquire certain properties at the Saugbrugs industrial site through an asset sale. The transaction with NND implies a net consideration of approximately NOK 720 million.
Norske Skog is a producer of packaging paper and publication paper across four mills in Europe. The company is listed on Oslo Stock Exchange with the ticker NSKOG.
Green Mountain designs, builds and operates highly secure, innovative and sustainable data centres in Norway, Germany, and the UK. The data centres are powered by low-cost, 100 per cent renewable power and are world-leading on energy efficiency.
ABG Sundal Collier is acting as exclusive financial adviser to Norske Skog ASA in connection with these processes, further demonstrating our expertise and position in the data centre sector.

Published: 27 Feb, 2026