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Cartis diligence evidence schedule

EcoDataCenter Kvarnsveden Campus

PRJ-0478 · Site · Borlänge, W, Sweden

Record last updated Oct 28, 2026

Scope and capacity

On February 11, 2026, EcoDataCenter announced a Mistral AI partnership targeting an AI facility in 2027. Bravida's July 8 announcement separately awarded SEK650 million of installation work for an additional Kvarnsveden building, starting immediately and forecast to finish in Q1 2028; that contract schedule is not a whole-campus opening date. EcoDataCenter Kvarnsveden Campus occupies the former Kvarnsveden paper-mill site and additional land. The announced scope is 250 MW at launch with potential to scale to 600 MW; both figures describe site power rather than operating IT capacity.

Headline: 600 MW Planned / design

Numbers refer to their stated physical boundaries and are not added together. Source dates, claim dates and record updates have different meanings. Missing dates and locators are not inferred.

Launch power access · 250 MW

Source report · EcoDataCenter Kvarnsveden Campus (Project)

Claim 45915 · Recorded claim type: Not stated · Review: Approved · Claim date: Not stated

  1. EcoDataCenter breaks ground on mega campus in Borlänge

    EcoDataCenter · Document date: Sep 24, 2025 · Primary

    Source reference: SRC-2533

    Source URL

    https://ecodatacenter.tech/press/ecodatacenter-breaks-ground-on-mega-campus-in-borlnge-3406556

Potential full scale · 600 MW

Planned / design or future potential · EcoDataCenter Kvarnsveden Campus (Project)

Claim 45916 · Recorded claim type: Forecast · Review: Approved · Claim date: Not stated

Headline treatment: Selected headline

  1. EcoDataCenter breaks ground on mega campus in Borlänge

    EcoDataCenter · Document date: Sep 24, 2025 · Primary

    Source reference: SRC-2533

    Source URL

    https://ecodatacenter.tech/press/ecodatacenter-breaks-ground-on-mega-campus-in-borlnge-3406556

Construction started · 2025-09-24

Actual · EcoDataCenter Kvarnsveden Campus (Project)

Claim 45919 · Recorded claim type: Actual · Review: Approved · Claim date: Not stated

  1. EcoDataCenter breaks ground on mega campus in Borlänge

    EcoDataCenter · Document date: Sep 24, 2025 · Primary

    Source reference: SRC-2533

    Source URL

    https://ecodatacenter.tech/press/ecodatacenter-breaks-ground-on-mega-campus-in-borlnge-3406556

Former use · Kvarnsveden paper mill

Actual · EcoDataCenter Kvarnsveden Campus (Project)

Claim 45920 · Recorded claim type: Actual · Review: Approved · Claim date: Not stated

  1. EcoDataCenter breaks ground on mega campus in Borlänge

    EcoDataCenter · Document date: Sep 24, 2025 · Primary

    Source reference: SRC-2533

    Source URL

    https://ecodatacenter.tech/press/ecodatacenter-breaks-ground-on-mega-campus-in-borlnge-3406556

  2. Roschier advised EcoDataCenter in acquisition of former Kvarnsveden paper mill

    Roschier · Document date: Sep 9, 2024 · Primary

    Source reference: SRC-2537

    Source URL

    https://www.roschier.com/newsroom/roschier-has-advised-ecodatacenter-in-the-acqiuisition-of-parts-of-the-old-kvarnsveden-paper-mill-from-the-municipality-of-borlange

Site acquired · 2,024

Actual · EcoDataCenter Kvarnsveden Campus (Project)

Claim 45921 · Recorded claim type: Actual · Review: Approved · Claim date: Not stated

  1. EcoDataCenter breaks ground on mega campus in Borlänge

    EcoDataCenter · Document date: Sep 24, 2025 · Primary

    Source reference: SRC-2533

    Source URL

    https://ecodatacenter.tech/press/ecodatacenter-breaks-ground-on-mega-campus-in-borlnge-3406556

  2. Roschier advised EcoDataCenter in acquisition of former Kvarnsveden paper mill

    Roschier · Document date: Sep 9, 2024 · Primary

    Source reference: SRC-2537

    Source URL

    https://www.roschier.com/newsroom/roschier-has-advised-ecodatacenter-in-the-acqiuisition-of-parts-of-the-old-kvarnsveden-paper-mill-from-the-municipality-of-borlange

Site area · 20 hectares approximate

Source report · EcoDataCenter Kvarnsveden Campus (Project)

Claim 45922 · Recorded claim type: Not stated · Review: Approved · Claim date: Not stated

  1. EcoDataCenter breaks ground on Borlänge, Sweden data center

    Data Center Dynamics · Document date: Sep 25, 2025 · Primary

    Source reference: SRC-2538

    Source URL

    https://www.datacenterdynamics.com/en/news/ecodatacenter-breaks-ground-on-borl%C3%A4nge-sweden-data-center/

Additional land agreement · Exclusive agreement to acquire

Actual · EcoDataCenter Kvarnsveden Campus (Project)

Claim 45923 · Recorded claim type: Actual · Review: Approved · Claim date: Not stated

  1. EcoDataCenter breaks ground on mega campus in Borlänge

    EcoDataCenter · Document date: Sep 24, 2025 · Primary

    Source reference: SRC-2533

    Source URL

    https://ecodatacenter.tech/press/ecodatacenter-breaks-ground-on-mega-campus-in-borlnge-3406556

Full buildout horizon · 8–10 Years

Actual · EcoDataCenter Kvarnsveden Campus (Project)

Claim 45924 · Recorded claim type: Actual · Review: Approved · Claim date: Not stated

  1. EcoDataCenter begins construction of mega campus in Borlänge

    EcoDataCenter · Document date: Sep 24, 2025 · Primary

    Source reference: SRC-2539

    Source URL

    https://ecodatacenter.tech/press/ecodatacenter-pbrjar-byggandet-av-megacampus-i-borlnge-3406557

Construction partner · ByggPartner

Actual · EcoDataCenter Kvarnsveden Campus (Project)

Claim 45925 · Recorded claim type: Actual · Review: Approved · Claim date: Not stated

  1. EcoDataCenter breaks ground on Borlänge, Sweden data center

    Data Center Dynamics · Document date: Sep 25, 2025 · Primary

    Source reference: SRC-2538

    Source URL

    https://www.datacenterdynamics.com/en/news/ecodatacenter-breaks-ground-on-borl%C3%A4nge-sweden-data-center/

Reported land acquisition price · 400 SEK million

Source report · EcoDataCenter Kvarnsveden Campus (Project)

Claim 45926 · Recorded claim type: Not stated · Review: Approved · Claim date: Not stated

  1. EcoDataCenter breaks ground on Borlänge, Sweden data center

    Data Center Dynamics · Document date: Sep 25, 2025 · Primary

    Source reference: SRC-2538

    Source URL

    https://www.datacenterdynamics.com/en/news/ecodatacenter-breaks-ground-on-borl%C3%A4nge-sweden-data-center/

Owner · Areim

Actual · EcoDataCenter Kvarnsveden Campus (Project)

Claim 45927 · Recorded claim type: Actual · Review: Approved · Claim date: Not stated

  1. Areim-owned EcoDataCenter secures SEK 6.7 billion debt financing

    Areim · Document date: Sep 9, 2025 · Primary

    Source reference: SRC-2535

    Source URL

    https://www.mynewsdesk.com/areim/pressreleases/areim-aegda-ecodatacenter-har-saekrat-skuldfinansiering-om-67-miljarder-kronor-foer-att-expandera-verksamheten-3430425

  2. EcoDataCenter accelerates growth journey with EUR 450 million in new funding

    EcoDataCenter · Document date: Mar 5, 2025 · Primary

    Source reference: SRC-2534

    Source URL

    https://ecodatacenter.tech/press/ecodatacenter-accelerates-growth-journey-with-eur-450-million-in-new-funding-3372578

Customer identity · Undisclosed

Actual · EcoDataCenter Kvarnsveden Campus (Project)

Claim 45930 · Recorded claim type: Actual · Review: Approved · Claim date: Not stated

  1. EcoDataCenter breaks ground on mega campus in Borlänge

    EcoDataCenter · Document date: Sep 24, 2025 · Primary

    Source reference: SRC-2533

    Source URL

    https://ecodatacenter.tech/press/ecodatacenter-breaks-ground-on-mega-campus-in-borlnge-3406556

Utility identity · Undisclosed

Actual · EcoDataCenter Kvarnsveden Campus (Project)

Claim 45931 · Recorded claim type: Actual · Review: Approved · Claim date: Not stated

  1. EcoDataCenter breaks ground on mega campus in Borlänge

    EcoDataCenter · Document date: Sep 24, 2025 · Primary

    Source reference: SRC-2533

    Source URL

    https://ecodatacenter.tech/press/ecodatacenter-breaks-ground-on-mega-campus-in-borlnge-3406556

Counterparties and capital

Borlänge Municipality · Landowner · CMP-1177

ByggPartner · Contractor · CMP-1178

Deutsche Bank · Lender · CMP-0383

Export Development Canada · Operator · CMP-1132

Owner level institutional capital

€450,000,000 · Mar 5, 2025

Areim capital for EcoDataCenter growth; no site allocation.

Areim (Capital sponsor) · Export Development Canada (Capital recipient / operating platform)

Sources (1)

Financing record 138; claim-specific source links appear in the exhibit sources where published.

Platform debt facility

€600,000,000 · Sep 9, 2025

Deutsche Bank debt supporting EcoDataCenter expansion including Falun and Borlänge; no project allocation.

Deutsche Bank (Lender) · Export Development Canada (Borrower / financed platform)

Sources (2)

Financing record 139; claim-specific source links appear in the exhibit sources where published.

This schedule captures public Cartis research. It is not a title, lien or legal-opinion report. Document page/section locators and claim review timestamps are included only when published; this version has no separate locator or claim-review-time feed.