Amber Infrastructure Group has announced that the Three Seas Initiative Investment Fund S.A. SICAV-RAIF (3SIIF) has made its first digital infrastructure investment, acquiring a controlling interest in Greenergy Data Centers OÜ (Greenergy), a CEE data center platform.

Greenergy will develop much-needed infrastructure across the Three Seas region to meet the growing compute, storage, and connectivity needs of enterprises and consumers. Greenergy plans to develop a number of data center projects in the Three Seas region over the coming years, with the Greenergy platform servicing the growing needs of customers across the CEE region in an otherwise under-supplied market for such infrastructure. 

The first data center will be developed in Estonia through MCF Group Estonia OÜ (‘MCF’). When construction has completed in 2021, MCF will deliver a world-class data center with up to 20MW of capacity to the Baltic market. Estonia has one of the highest cloud penetration rates for enterprises in Europe and the government is also a strong supporter of digitalization with many supporting initiatives.