N59° GridCore S.à r.l. is the Luxembourg financing and leasing platform of N59° Group. We establish or sponsor a dedicated project SPV for each asset, designed to support ring-fencing, project finance, ownership during the lease term, and clear project-level cash flows across AI-ready data center and energy infrastructure in Central and Northern Europe.
A narrow function: structure, isolate, and finance individual infrastructure projects — one circuit at a time.
We establish or sponsor a dedicated project SPV for each asset — a Luxembourg or local vehicle matched to the jurisdiction and capital structure of the underlying transaction. Ownership can vary by project, including co-investor and joint-venture configurations.
Each SPV is structured to hold its own assets, liabilities, and cash flows separately from other projects. The perimeter is designed to limit project-level risk transmission, subject to the final financing documents, security package, guarantees, covenants, and any agreed cross-default provisions.
Senior debt, mezzanine, and equity may be raised or invested directly at the project-SPV level, with GridCore acting as sponsor, structuring counterparty, and lessor. Documentation is built around deal-level covenants and lender transparency.
Debt and equity may be raised or invested directly at the project-SPV level, or channelled via GridCore acting as sponsor and structuring platform. Each SPV sits behind a defined isolation point — the breaker — and holds a single project's assets and cash flows. The structure is designed to limit crossover between projects, subject to the specific financing documents and any agreed cross-default provisions.
N59° Group S.à r.l. is the top holding company. N59° GridCore S.à r.l. is its Luxembourg financing and leasing platform. N59° Thor AS handles data center EPC and development. N59° AI AS is under establishment to operate the group's first data center, and subsequently other group and third-party facilities. N54° Battery GmbH is the group's battery energy storage company under establishment in Rostock-Laage, Germany.
For discussions with lenders, co-investors, and institutional counterparties on specific project vehicles, structuring, or the group's pipeline in Central and Northern Europe.
Inquiries reach contact@n59.ai.
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