Two Swedish companies, financial services provider Vinga Group and circular industry specialist WA3RM, have joined forces to develop three commercial greenhouses in Scandinavia, two heated by data centres and one by a cardboard factory.
Two of the projects will be located in Varde, Denmark and Östersund, Sweden. The plan is to site them next to data centres to use their waste heat.
The Varde data centre, called DEN02, will have an initial capacity of 250MW and excess heat from the site will be recycled with what WA3RM calls a “state-of-the-art greenhouse development for vegetable production”.
The Östersund project will be carried out in association with local power company Jämtkraft, EcoDataCenter and the local council. As yet, the team has not decided whether they will produce vegetables, fish, or biofuel.
A third project will use waste heat from a cardboard factory to produce tomatoes. Here, the first greenhouse is completed and will produce 8,000 tonnes of tomatoes a year – about every 10th tomato eaten in Sweden.
“Developing circular industrial projects is a complex team effort, and we are delighted to have Vinga alongside us in this work,” said WA3RM chief executive Jacques Ejlerskov.
The agreement has a financing framework of up to SEK 11.5 billion, or about US$908m.
It spans four years, and is subject to Vinga’s internal credit assessments.
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