$300 Million Data Center for Iceland

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Iceland’s efforts to establish itself as a hub for green data centers has brought its first major project, as Verne Holdings has announced plans for a $306 million data center near Keflav”k International Airport, the country’s main airport. Verne Holdings, a joint venture by General Catalyst and Novator, said yesterday that it had signed agreements with National Energy Company Landsvirkjun, Farice and Keflav”k Airport Development Corporation (KADECO) to secure power, fiber, land and facility for the data center.

The facility is scheduled to open for business in 2009 and create about 100 jobs. Bj

About the Author

Rich Miller is the founder and editor-in-chief of Data Center Knowledge, and has been reporting on the data center sector since 2000. He has tracked the growing impact of high-density computing on the power and cooling of data centers, and the resulting push for improved energy efficiency in these facilities.