Magnora unit AGV expands South Africa offering to powered land for data center development

• Magnora’s South African subsidiary AGV broadened its business into vertically integrated data center and power projects using powered land.
• Initial focus targets two renewable-energy clusters to supply co-located data centers through behind-the-meter generation and battery storage.
• AGV targets ready-to-build status for first sites within two years, subject to studies, grid access, permits, agreements.
• Management sees potential to develop more than 1,000 MW of data center capacity over coming years into the 2030s.

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