About us
What we do
Magnora develops projects mainly within four technology segments:
- Data centers
- Solar PV energy
- Wind energy – onshore and offshore
- Battery energy storage systems (BESS)
The energy projects are normally in early phases, until the construction phase, but Magnora can also deliver subsequent project management and support. Data centres may be developed and/or operated.
Magnora is pragmatic about technologies and will dynamically adapt the offering where its capabilities match with market opportunities. Main focus is on short lead time projects.
Business model and value creation
Magnora delivers on sustainability and profitability through systematically and consistently:
Bringing data centre and renewable energy projects from greenfield to ready-to-build
Ensuring cost discipline and strict project management
Deploying local entrepreneurial teams with excellent operational skills
Staying asset light, bringing in new owners before construction phase of each project
Prioritising project quality, risk management and progress over volume
Accelerate development, delivering robust, scalable solutions faster than competitors
Magnora focuses on developing medium to large-scale data center, solar, battery storage and wind power projects. We assess a wide range of opportunities before selecting or initiating projects. Our strategy is to exit when projects reach ready-to-build or near-ready stages. Growth is primarily organic, driven by a pragmatic and disciplined approach to project selection and execution.
Magnora’s revenues has in recent years primarily stemmed from the sale of projects and companies, and less from operating revenues. Revenue may therefore fluctuate based on market conditions and timing, while underlying value creation remains steady — driven by a growing project portfolio, grid applications, and investments in required studies and permit-related activities. With asset-light operations and strong execution, Magnora has since its transition into renewable energy in 2019 delivered high shareholder return. Since 2025, Magnora also develops and operates data centres. Financial and sustainability performance are closely linked, and Magnora remains committed to delivering on both.
Where we operate
Values
Magnora’s core values are:
Integrity
We conduct our business with integrity andrespect for the law and cultures everywhere we operate. We favour long-term partnerships and make thorough due diligence of business partners and suppliers. We build trust through fair and transparent behaviour.
Velocity
We have a strong sense of urgency in bringing data centre and clean energy projects forward. We have lean, effective teams, and short decision lines. We apply our experience to take projects fast and steadily to the next phase.
Innovation
We constantly improve the way projects are originated and brought to the market. We look for opportunities, adapt and change. We challenge ourselves, our colleagues and our business partners. We make a difference by standing out and thinking ahead.