Magnora Data Center ASA acquires 50% stake in joint venture with Sunly to develop up to 400 MW data center in Risti
Magnora Data Center ASA has agreed to acquire a 50% interest in the Risti Kampus data centre project, a joint venture with the Estonian renewable energy group Sunly. It comes with 180 MW of grid capacity available today and a planned expansion to 400 MW.
European renewable-energy group Magnora Data Centre is a spin-off from Magnora ASA, an international conglomerate operating in Norway, Sweden, South Africa, Italy and the United Kingdom. It has listed separately in June 2026.
The company has been on a massive expansion spree, with Estonia now entering its investment orbit. The investor will finance half of a campus built beside the hybrid energy park Sunly is developing at Risti in western Estonia. The park pairs 244 MWp of solar with 144 MW of battery storage and 44 MW of wind, writes Sunly.
Read full announcement (external link)
Originally published on 18 Sep
Announcements are published as a service to readers. The sender is responsible for all content. Announcements for publication can be submitted to announcements@thehanseatic.com.
Prince William visited Sunly to examine how hybrid energy parks are strengthening energy security and reducing reliance on fossil fuels. The visit, part of his tour including meetings with British troops under NATO’s Operation Cabrit, comes weeks after the Baltic states permanently disconnected from the Russian power grid and integrated with the European system.
Read full announcement (external link)
Originally published on 21 Mar
INVL Baltic Farmland, a company that invests in agricultural land, announced its operating forecasts for this year along with planned dividends and decisions that are being proposed to the shareholders’ meeting. The company plans to earn a net profit of EUR 460,000 and have consolidated revenue of EUR 890,000 this year. This forecast assumes that during 2025 the value of land holdings will not change, no new agreements on the purchase or sale of land will be signed, and there will be no change in the impairment of trade receivables and no impact of trade receivables on the size of the administration fee.
Read full announcement (external link)
Originally published on 21 Mar
Last week, Estonia welcomed back some of the brightest minds in dual-use technology for an action-packed onsite experience at the NATO DIANA Estonian Accelerator. Over five days, the 7 teams tackled masterclasses, investment workshops, pitch sessions, and test centre visits, forging connections and shaping their solutions. Here’s a look back.
Read full announcement (external link)
Originally published on 19 Mar
The global sustainable initiative startup “Walk15,” founded in Lithuania, continues its rapid growth across Europe, reaching a valuation of €30 million. The company is now opening a Series A investment round, with initial investments coming from its existing shareholders, including the venture capital fund Coinvest Capital, led by Viktorija Trimbel, the angel syndicate NGL, led by Justinas Pašys, and other investors.
Read full announcement (external link)
Originally published on 17 Mar
On Friday, 14 March, the third “Idea Day” conference for teachers and education technology experts took place, bringing together more than 180 teachers and education experts from all over Latvia and offering them a wide-ranging program on the opportunities and challenges of artificial intelligence in education. Teachers had the chance to improve their AI skills in 14 workshops and discussions on methods, solutions, and experiences.
Read full announcement (external link)
Originally published on 17 Mar
Ovivo, a leading provider of water treatment and purification solutions, has announced plans to open a design center in Kaunas, Lithuania. The new facility, scheduled to open in April 2025, will focus on piping and plant design for the company’s ultrapure water and wastewater treatment systems. Headquartered in Montreal, Canada, Ovivo specializes in providing innovative water treatment solutions, and is renowned for its technical expertise in producing ultrapure water for the electronics industry.
Read full announcement (external link)
Originally published on 17 Mar
Tallinn-based FinTech startup Cino has secured €3.5M in seed funding to expand its real-time shared payment application across Europe and launch in the UK market. Cino has developed a unique payment solution that allows groups to pay together in a single transaction. Unlike traditional bill-splitting apps that create debt and require follow-up payments, Cino charges everyone their share in real time at the point of checkout.
Read full announcement (external link)
Originally published on 13 Mar
Luleå University of Technology is breaking new ground in mining technology by conducting innovative research into 6G networks in collaboration with Oulu University. This pioneering project aims to explore how next-generation wireless technology can enhance safety, efficiency, and communication in mining environments, laying the foundation for a transformation in the industry.
Read full announcement (external link)
Originally published on 14 Mar
The Swedish Maritime Administration and Ports of Stockholm establish a joint maritime traffic centre
The Swedish Maritime Administration and Ports of Stockholm are taking a historic step by establishing a joint maritime traffic centre in Stockholm. The co-operation will enhance the efficiency and safety of vessel traffic from Oxelösund in the south and up along the entire northern coast of Sweden. In early March, the parties signed a cooperation agreement that marks the start of a groundbreaking initiative. The traffic centres of the Swedish Maritime Administration and Ports of Stockholm will form a joint maritime traffic centre at the Värtahamnen port in Stockholm.
Read full announcement (external link)
Originally published on 14 Mar
On 12 March 2025, the Nordic Investment Bank (NIB) priced a new seven-year, EUR 750 million NIB Environmental Bond (NEB). This latest transaction takes NIB’s total green bond issuance past the EUR 10 billion milestone since its first NEB in 2011, solidifying the Bank’s position in the market and underscoring the robust investor confidence in its environmental mandate.
Read full announcement (external link)
Originally published on 13 Mar