Finland's Korkia Advances Renewable Energy and Energy Storage Supporting 5 Data Center Sites

en.Wedoany.com Reported - On November 11, Finnish renewable energy investor Korkia announced that the planned capacity of 5 data center sites it is advancing in Finland, the UK, Sweden, and Chile has exceeded 2 GW, of which 4 sites are scheduled to achieve grid connection by the end of 2029, with the first batch of projects expected to be connected to the grid in 2028. The projects adopt the "Powered Land" development model, integrating data center land, grid connection, renewable energy generation, and battery energy storage into a unified development portfolio, and are currently still in the early development stage.

The development focus of such projects is not only on securing land, but also on securing data center construction permits and power supply conditions in advance. According to Korkia's previously announced business definition, Powered Land refers to sites where the data center land and related permits have been obtained or are being advanced, while power supply and grid connection capacity have been secured or have a clear connection pathway. Wind power, photovoltaic, and battery energy storage facilities can be built near the sites and incorporated into the overall energy infrastructure planning. Unlike simply selling industrial land, this development model organizes land, approvals, power capacity, and energy supporting facilities as a whole during the early stage.

Korkia's announced plan shows that 4 of the 5 sites target grid connection by the end of 2029, and the first sites may obtain power access conditions as early as 2028. The company incorporates renewable energy generation and battery energy storage into the supporting development, which not only provides energy supply solutions for data centers but also requires coordinating the construction schedules among generation facilities, energy storage systems, and grid connection facilities.

Before entering the data center Powered Land development business, Korkia had already established a multinational project development system covering photovoltaic, onshore wind power, and battery energy storage. In September 2026, the company disclosed that its mature-stage project portfolio was approximately 15 GW, with another approximately 9 GW in early development, covering multiple markets in Europe and the Americas. The company's existing team includes approximately 50 in-house professionals and carries out project work through 75 local co-development personnel. These resources involve land acquisition, local approvals, grid connection studies, renewable energy project development, and energy storage configuration, and constitute the business foundation underpinning this multinational data center site development.