VivoPower Aggressively Scales Sovereign AI Hubs with 291MW Finland Acquisition

As of January 27, 2026, VivoPower International PLC (NASDAQ: VVPR) has solidified its position as a major landlord for the AI era. Following a series of rapid-fire acquisitions across the Nordic region and the Middle East, the company announced a definitive agreement to acquire OGDC Pte Ltd, securing a massive 291MW portfolio of powered land in Finland specifically for high-density AI data centers.

This move is part of VivoPower’s broader "Power-to-X" strategy, where "X" represents sovereign AI compute infrastructure. By locking in long-term, low-cost renewable energy, VivoPower is addressing the single largest hurdle in the AI race: the "power bottleneck."

1. The Finland Play: Sub-4¢ Renewable Power
The acquisition of OGDC provides VivoPower with economic ownership of strategic sites in Finland that are expected to be grid-connected within the next 12 months.

Energy Economics: The sites have secured access to renewable hydropower at rates below 4¢ per kWh. This makes the portfolio one of the most cost-competitive AI training and inference hubs in the European Union.


The Nordic Advantage: Beyond low power costs, the Finnish sites benefit from a cold climate—which drastically reduces the energy needed for liquid and air cooling—and a stable regulatory environment suitable for sovereign data handling.

Strategic Leadership: As part of the deal, OGDC’s co-founders (who bring 75+ years of infrastructure experience) will join VivoPower to lead the global rollout of these AI hubs.

2. The Global AI Footprint: UAE and Norway
The Finland deal is the third major pillar in VivoPower’s 2026 expansion. The company is rapidly building a diversified "Power-to-X" network:

Norway Transition: VivoPower is currently repurposing an operational 40MW facility in Norway from blockchain mining to a "Sovereign AI Hub," targeting large language model (LLM) training for enterprise clients.

Middle East Expansion: On January 20, 2026, the company secured access to a 25MW site in the United Arab Emirates, a region rapidly becoming a global capital for AI infrastructure.

3. Financial Engineering: The $180M "F-3" Strategy
To fund this massive expansion without significantly diluting current shareholders, VivoPower is utilizing a sophisticated capital management strategy:

Incentive Alignment: The OGDC acquisition includes Contingent Value Rights (CVRs) with a conversion price of $15 per share—a significant premium to the current market price—demonstrating the founders' long-term confidence.

Project Finance Mix: The company is targeting a funding structure of 65% senior debt, 15% mezzanine finance, and only 20% equity for its data center builds.

Asset Recycling: VivoPower is currently reviewing its legacy 682MW solar portfolio in the United States for potential monetization, with plans to recycle that capital into these higher-margin AI infrastructure hubs.

4. The "Sovereign AI" Narrative
VivoPower's strategy focuses on "non-crowded" markets where government entities and local enterprises require domestic AI compute capabilities. By controlling the land, the grid connection, and the renewable energy source, VivoPower is positioning itself as an essential "plumber" for hyperscalers like Google, Microsoft, and Meta, who are desperate for energy-ready land.

CEO Perspective: "Control of power and land is the critical bottleneck in next-generation compute," said Kevin Chin, Executive Chairman and CEO of VivoPower. "We are no longer just a sustainable energy company; we are an infrastructure landlord for the AI revolution."