Norway Hydro (NO1/NO2 €0.0545/kWh) vs. Netherlands Amsterdam (€0.1306/kWh) — European MW Siting & DSCR
Evaluates Nordic hydro/nuclear surplus power in Norway against constrained FLAP-D grid tariffs in Amsterdam across Direct Liquid Cooling (PUE 1.12) vs. Air Cooling (PUE 1.38). · Live ECB EUR/USD 1.1130 (2026-10-29)
| Benchmark Dimension / Underwriting Metric | Norway (NO1/NO2 Hydro) | Netherlands (NL) | Spread / Underwriting Rule |
|---|---|---|---|
| Primary Data Center Hub & Interconnect Zone | Oslo / Kristiansand / Stavanger Hydro Campus | Amsterdam / Haarlemmermeer (FLAP-D) | NO vs. NL |
| Transmission System / Grid Operator | Statnett SF (Bidding Zones NO1 / NO2) | TenneT TSO NL (Bidding Zone NL) | Tax Basis: X_VAT vs. X_VAT |
| All-In Industrial Electricity Tariff (USD / kWh) | $0.0792 / kWh | $0.1393 / kWh | $+0.0601/kWh tariff spread |
| All-In Industrial Electricity Tariff (EUR / kWh) | €0.0712 / kWh | €0.1252 / kWh | Live ECB EUR/USD 1.1130 |
| 10.0 MW IT Pod Annual DLC Energy (PUE 1.12, 75% Util) | 82,169 MWh/yr | 82,169 MWh/yr | Annual 10 MW DLC Power Bill Delta: $+4,938/yr |
| 32-GPU HGX H100 (4-Node) 36m Net Own TCO (USD) | $902,690 | $963,137 | $+60,447 36m TCO spread |
| 32-GPU HGX H100 (4-Node) 36m Net Own TCO (EUR) | €811,042 | €865,352 | €+54,310 36m TCO spread |
Cross-Market & Architecture Visual Benchmark (DataCenterCredit.com)
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