Power and capacity constraints across Europe’s established datacentre hubs are directing investor and customer attention north. Recent activity involving Conapto and CoreWeave, Nscale and Skygard reflects a widening opportunity, whilst Polar’s E800m Nordic bond points to broader financing appetite for scaling projects.  However, with an estimated E15bn of financing required to deliver the pipeline of Nordic capacity, the move into more remote locations is testing both the depth of the capital pool and assumptions around long-term demand. For 2027, investors must determine whether this represents a lasting expansion of Europe’s digital infra map or a scarcity-driven rush for capacity. This panel will explore:

• How do the investment cases differ across AI training campuses, metro-connected AI and colo, sovereign infrastructure and regional platforms?
• What distinguishes a complete location thesis from a power-led development proposition?
• What happens when the first large training customer leaves? And can assets be re-let and refinanced without the original tenant?
• How are lenders accounting for tenant concentration and residual value differently in tier 2 and 3 markets?
• Is there sufficient lender appetite to clear the required development funding?
• Which projects can progress from development and high-yield capital into lower-cost permanent ownership?
• How do the opportunities and execution risks vary across Norway, Finland, Denmark and Sweden?