Deals Counterparts

Bulk Infrastructure signs 10-year hydropower PPA with Å Energi for N01 data center campus

Ppa Hydro announced Åseral, Norway Mar 4, 2026
80 GWh/year
Capacity
development
Stage
Øygard hydropower plant
Project

Bulk Infrastructure signed a 10-year hydropower Power Purchase Agreement (PPA) with Å Energi to supply 80GWh of power annually to its N01 data center campus in Vennesla, Norway. The PPA will support the construction of the Øygard hydropower plant.

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Deal Analysis

Bulk Infrastructure, as the offtaker, has signed a 10-year hydropower Power Purchase Agreement (PPA) with Å Energi, an independent power producer (IPP), to secure 80 GWh of power annually for its N01 data center campus in Vennesla, Norway. This long-term agreement is strategically significant as it directly supports the construction of the new Øygard hydropower plant, ensuring a stable, renewable energy supply for Bulk's energy-intensive operations. For Å Energi, the PPA provides a crucial revenue stream, underpinning the financing and development of new generation capacity. This deal is notable for its substantial annual capacity of 80 GWh over a decade, demonstrating a significant commitment to green energy procurement for a data center campus. Its direct link to the development of a new hydropower facility highlights a growing trend where large energy consumers like data centers are directly enabling new renewable energy infrastructure. Located in Norway, a market characterized by abundant hydropower resources, this PPA exemplifies the increasing integration of renewable energy solutions into critical digital infrastructure, aligning with sustainability goals and operational stability.
  • 10-year hydropower PPA duration
  • 80 GWh/year supply for Bulk's N01 data center campus
  • Directly supports construction of new Øygard hydropower plant
  • Secures stable, green power for energy-intensive data center operations

Source Intelligence

KEY DETAILS

The PPA will support the construction of the Øygard hydropower plant. The PPA will be facilitated through guarantees of origin. Bulk's N01 campus has 400MW of power secured at the site, with expansion possible up to 1GW. The N01 site was recently selected by CoreWeave to host an Nvidia GB200 NVL72 cluster deployment.

Location
Bulk Infrastructure signs 10-year hydropower PPA with Å Energi in Åseral, Norway
PPA Details
The PPA will last 10 years and see Å Energi supply Bulk with 80GWh of power annually to support operations at its N01 data center campus in Vennesla.
Announcement
March 04, 2026 By Zachary Skidmore
Signing
Bulk Infrastructure signs 10-year hydropower PPA with Å Energi in Åseral, Norway
COD
operations expected to begin in 2029.
PARTIES MENTIONED IN SOURCE
B
Bulk Infrastructure buyer

"Nordic data center operator Bulk Infrastructure has signed a long-term hydropower Power Purchase Agreement (PPA) with Å Energi in Åseral, Norway."

Å
Å Energi seller

"Nordic data center operator Bulk Infrastructure has signed a long-term hydropower Power Purchase Agreement (PPA) with Å Energi in Åseral, Norway."

high quality Enriched Mar 4, 2026

Timeline

Announced
Mar 4, 2026
Signed
Mar 4, 2026
Closed
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