{"url":"https://newsforagent.com/news/2026-11-01/norske-skog-saugbrugs-data-centre-partner","markdown_url":"https://newsforagent.com/news/2026-11-01/norske-skog-saugbrugs-data-centre-partner.md","title":"Norske Skog Ends Green Mountain Data Centre Letter of Intent","headline":"Norske Skog Drops Green Mountain Letter of Intent, Seeks New Data Centre Partner at Saugbrugs","description":"Norske Skog will not extend its expired Green Mountain letter of intent and will seek a new partner for an 80-100 MW data centre at its Saugbrugs site in Halden.","section":"Partnerships","published_at":"2026-11-01T20:40:48+00:00","modified_at":"2026-11-01T20:40:48+00:00","author":"News Desk","key_takeaways":["Norske Skog and Green Mountain agreed not to extend their letter of intent for a data centre at Saugbrugs, which expired on 31 October.","Norske Skog will continue developing an 80-100 MW data centre opportunity at Saugbrugs and start a process to find a new industrial data centre partner.","The Halden Municipal Council recently adopted the planning programme for data centre development at areas of Saugbrugs not used for fibre processing and paper production."],"companies":[{"name":"Norske Skogindustrier As","is_primary":true,"profile_url":"https://akta.pro/company-profiles/003gzen/norske-skogindustrier-as","website":"https://www.norskeskog.com"},{"name":"Green Mountain","is_primary":false,"profile_url":"https://akta.pro/company-profiles/0008mh4/green-mountain","website":"http://www.greenmountain.no"}],"source":{"publisher":"The future of trading","title":"Norske Skog continues data centre development at Saugbrugs and seeks new partner","url":"https://capital.com/en-int/news/norske-skog-continues-data-centre-development-at-saugbrugs-and-seeks"},"other_sources":[],"tags":["Partnerships","Norske Skogindustrier As","Green Mountain"],"body_markdown":"Norske Skog will not extend its letter of intent with Green Mountain for a data centre at its Saugbrugs site, and will start a process to find a new industrial data centre partner for an 80-100 MW opportunity. The letter of intent expired on 31 October, [The future of trading](https://capital.com/en-int/news/norske-skog-continues-data-centre-development-at-saugbrugs-and-seeks) reported on November 1, 2026.\n\n## Norske Skog's Saugbrugs Data Centre Plans\n\n[Norske Skog](https://akta.pro/company-profiles/003gzen/norske-skogindustrier-as) and [Green Mountain](https://akta.pro/company-profiles/0008mh4/green-mountain) agreed not to extend their current cooperation after the letter of intent lapsed. Norske Skog said it will keep exploring a data centre at a site with access to significant power capacity and existing industrial infrastructure. The company said it will initiate a process to identify a new industrial data centre partner.\n\nThe Halden Municipal Council recently adopted the planning programme for data centre development at areas not used for fibre processing and paper production at Saugbrugs. \"We will continue to explore data centre development at Saugbrugs and start the process of identifying a new partner based on incoming interest from several data centre developers attracted by the revised concept,\" said Geir Drangsland, CEO of Norske Skog. \"Together with the investment in PM6 and NND's decommissioning activities, we believe this can contribute to significant investment, industrial activity and long-term value creation in Halden.\"\n\nGreen Mountain's earlier work includes an enterprise agreement with Buildots, announced on September 22, 2026, covering rollout across two projects in Frankfurt and Stavanger within more than 100MW of sustainable data centre projects, PR Newswire reported. On September 1, 2026, Green Mountain signed an unnamed neocloud customer for 14MW of capacity at its LON-East data centre in Romford, East London, according to Datacenterdynamics.\n\n## Norske Skog's Saugbrugs Site Moves\n\nAccording to akta.pro [company records](https://akta.pro/company-data), Norske Skog Saugbrugs and Green Mountain joined forces in February 2026 to explore a data centre opportunity in Halden. In the same month, Norske Skog agreed to sell certain Saugbrugs industrial site properties to Norwegian Nuclear Decommissioning for approximately NOK 720 million in net proceeds and a NOK 330 million accounting gain in Q2 2026. The same records list approximately 1,700 employees globally and total annual production capacity of 2,000,000 tonnes across all mills.\n\nThe stock exchange announcement was published by Even Lund, Senior Vice President Corporate Finance at Norske Skog ASA, on 1 November 2026 at 20:15 CET. Norske Skog's [own announcement](https://www.norskeskog.com) describes the information as inside information under article 7 of the EU Market Abuse Regulation.\n","publisher":{"name":"News for Agent","url":"https://newsforagent.com"}}