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The AI-focused data center developer will use the EUR 75 million facility for early work in Finland and Germany.
Polar Data Centers, which develops data centers it describes as optimised for AI and high-density computing, has secured an initial EUR 75 million development financing facility from Palistar Capital, DCD reports. The facility can be enlarged with more lenders and will fund land, grid connections, design and permits for projects in Finland and Germany.
The company says it has secured more than EUR 1 billion in funding commitments during 2026, including a bond for its Norwegian projects and further investment from shareholders H.I.G. Capital and LIAN Group. Polar launched last year, and H.I.G. Capital bought a majority stake in it in October 2025.
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