Norske Skog continues data centre development at Saugbrugs and seeks new partner
Norske Skog will continue the development work for an 80-100 MW data centre opportunity at Saugbrugs and will initiate a process to identify a new industrial data centre partner. Norske Skog and Green Mountain will not extend the letter of intent regarding the development of a data centre at Norske Skog Saugbrugs.
With the letter of intent having expired on 31 October, Norske Skog and Green Mountain have agreed not to extend the current cooperation. Norske Skog will continue to explore the opportunity for a data centre at a site that benefits from access to significant power capacity and existing industrial infrastructure. Norske Skog continues to see attractive potential for data centre development and will initiate a process to identify a new industrial data centre partner. The Halden Municipal Council recently adopted the planning programme for a 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. 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," says Geir Drangsland, CEO of Norske Skog.
This information is considered to include inside information pursuant to the EU Market Abuse Regulation article 7 and is subject to the disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act. This 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.
About Norske Skog
Norske Skog is a producer of packaging paper and publication paper across four mills in Europe. Packaging paper includes testliner and fluting and publication paper includes newsprint and magazine paper. The annual production capacity of packaging paper is 0.8 million tonnes, and the annual production capacity of publication paper is 1.2 million tonnes. Packaging paper and publication paper are sold through sales offices and agents. Norske Skog has approximately 1 650 employees and the parent company, Norske Skog ASA, a public limited liability company, is incorporated in Norway and has its head office in Oslo. The company is listed on Oslo Stock Exchange with the ticker NSKOG.
For further information:
Norske Skog media: Vice President Communication and Public Affairs Carsten Dybevig Email: carsten.dybevig@norskeskog.com Mob: +47 917 63 117
Norske Skog capital markets: Senior Vice President Corporate Finance Even Lund Email: even.lund@norskeskog.com Mob: +47 906 12 919